Inclusivity in PH economy important to ensure growth — ICCPI
The Philippine economy must be inclusive and more open to partnerships to ensure growth, said Italian Chamber of Commerce in the Philippines (ICCPI) President Sergio Boero.
In an interview with The Manila Times, Boero stated it is a “very excellent time” to be more available for partnerships after two years of the pandemic.
The ICCPI president also emphasized that the country’s failure to ratify its membership in the Regional Comprehensive Economic Partnership (RCEP), a free trade deal among the Asia-Pacific nations, is a missed opportunity.
He explained that the Philippines could “miss the chance to be part of a global market” that will help the economy recover faster post-pandemic.
Boero added that any country must be open and have a relationship with the outside world to grow.
He also pointed out that the government must place their citizens at the center of their decisions.
“The message is. Let’s keep on working. Don’t give up. Let’s go fast if we can, as soon as we can. We have a great opportunity,” he concluded.
The Philippines missed the submission deadline to deposit its instrument of ratification or documentary requirements for participating parties. The free trade agreement has already taken effect on January 1, 2022.
Related news
- SpaceDC to invest $700-M for PH data center · 7 Feb
- IT-BPO investments reached P329B in 20 years — PEZA · 7 Feb
- IT-BPM sector to boost office market in 2022 · 7 Feb
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
