Focusing on domestic reforms and streamlining regulations can help the Philippines navigate global trade uncertainties.
World Bank economist Gonzalo Varela emphasized improving market efficiency, skills development, and regulatory ease to counter the potential impacts of U.S. protectionist policies.
Finance Assistant Secretary Neil Adrian Cabiles noted that while the Philippines is not a direct target of U.S. tariffs, trade diversions, and new market opportunities should be explored.
Economist Robert Dan Roces stressed that the country’s development plan must remain stable, regardless of political shifts.
Investment banker Stephen CuUnjieng echoed this, urging the Philippines to attract investments by adopting a “friend to all, enemy to none” approach.
Source: PhilNews24 | February 14, 2025
