News » China, ASEAN integration boosts Philippines’ BPO sector

China, ASEAN integration boosts Philippines’ BPO sector

China, ASEAN integration boosts Philippines’ BPO sector

According to the economic research arm of a regional integration organization, trade and investment integration between China and the Association of Southeast Asian Nations (ASEAN) will continue to thrive. The ASEAN+3 Macroeconomic Research Office (AMRO) said the development is being propelled by a number of factors. These factors include the increase in market size on both sides, greater cooperation in facilitating trade and enhancing connectivity, and continued relocation of labor-intensive and other types of manufacturing activities from China to ASEAN. It is also due to the development of regional production networks with China at the center and ASEAN countries as part of the supply chain. It noted that China-ASEAN integration has boosted the Philippines’ business process outsourcing (BPO) sector, which was among the top contributors to economic growth in the past decade. AMRO said ASEAN’s services exports also got a boost from China’s outbound tourism with Philippines witnessing a lift in its export of BPO services to China.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.