The Philippines is among the 20 “rising stars” of global trade even at this time when concerns about the US-China trade war tend to dominate the global trade narrative, British banking giant Standard Chartered said.
Stanchart unveiled its new Trade20 Index, which examined 66 economies across the globe and determined each market’s potential for trade growth by analyzing changes across 12 equally weighted metrics under three pillars: economic dynamism, trade readiness and export diversity.
The Philippines—a market that Standard Chartered predicts could join the so-called ‘7-percent Club,’ with a GDP (gross domestic product) growth rate of 7 percent or more over the next decade—ranked highly in the area of economic dynamism.
Read more: Philippine Daily Inquirer
ABOUT PTIC TAIPEI
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