Jakarta. Economic growth among member countries of the Association of Southeast Asian Nations has consistently outperformed that of the global economy, but some initiatives remain work in progress, according to a new report.
Officially launched on Tuesday, the Asean Integration Report (AIR) 2019 showed Asean as the fifth largest economy in the world in 2018 with a combined GDP of $3 trillion.
In the same year, Asean became the fourth leading powerhouse in global trade by taking over 7.2 percent of global trade in goods and 6.6 percent in services.
Asean was also deemed an attractive proposition in the global investment floor, taking up 11.9 percent of the total global foreign direct investment (FDI) in 2018, placing them third after the European Union and the United States.
Read more: Jakarta Globe
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The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan