THROUGHOUT the 12-month period, the flow of goods and services within and outside the borders of the Philippines were shaken up by the specter of recession, attacks in the Red Sea, sourcing rules, logistics woes, technological advancement, the rising tension between the United States and China, sustainability rules and the possibility of shipments to the US being slapped with tariffs.
In fact, the Philippine Economic Zone Authority (Peza), an investment promotion agency attached to the Department of Trade and Industry (DTI), said at least 84 locators or around 24 percent of Peza locators were significantly affected by the Red Sea crisis.
In particular, Lanzona said advancing trade would mean “participating in global value chains, which is crucial not only in enhancing exports but creating a mechanism that can address technology enhancement and poverty reduction at the same time.“Thus, we need to create our industrial structures around the concept of developing green economies whose effects are more significantly felt by the poor.
The story "Revisiting ‘24 trade barriers, challenges, breakthroughs" has 2453 words across 82 sentences, which will take approximately 11 - 21 minutes for the average person to read.
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