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Nov 13, 2017 @ 19:02

More trade, more fun: NEDA sees bigger volumes after APEC, ASEAN meetings

 

The road closures and work suspensions will turn out to be worth it.

The National Economic and Development Authority said they expect bigger trading volumes following the successive Asia-Pacific Economic Cooperation meetings in Vietnam and the Association of Southeast Asian Nations (ASEAN) in Manila.

The bigger volumes, in turn, will translate to more exports that would boost the local economy.

“We look forward to regional cooperation and integration being forwarded in APEC 2017 Vietnam and also in the upcoming 31st ASEAN meetings. We expect these initiatives to promote inter- and intra-regional trade and deepen engagement between regional blocs, as spelled out in the Philippine Development Plan ‎2017-2022,” NEDA Undersecretary Rosemarie Edillon said in a statement.

Bigger investments are also underway after bilateral meetings among ASEAN member-states and their dialogue partners, which include Japan, China, and the United States.

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