News » Trump’s threatened outsourcing ban still a danger to Philippine BPOs

Trump’s threatened outsourcing ban still a danger to Philippine BPOs

Trump’s threatened outsourcing ban still a danger to Philippine BPOs

US president Donald Trump’s threat to punish American firms that outsource jobs overseas might spell disaster for the Philippine business process and IT outsourcing industry, warns London-based research consultancy Capital Economics.

In its latest research brief ‘Winner and Losers from the Trade War’, the consultancy said that the Philippines would be the biggest loser in Asia if Trump pushes through with the threat. The current US-China trade war poses a major challenge to economies in emerging Asia, particularly those engaged in goods trade. Although the Philippines does not rely significantly on trade in goods for its economy, it has a strong services sector in which US companies are major players.

Nations with robust services sectors like the Philippines may be less affected by the current trade tensions, but should US trade protectionism spill over into the services sector then this would change.

Read more here.

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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.

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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.