Full ASEAN integration by 2016, but until now, many Filipinos are worried on how the Philippines would fare against our neighbors in the region. In fact, many of us have no idea what this integration is all about. But the experts are projecting a favorable outcome for the Philippines, If so, exciting itimes ahead for Cebu!
According to Dept of Trade and Industry Secretary Gregory Dominggo, ““The future looks bright for the Philippines. Based on projections by HSBC and Goldman-Sachs, the Philippines will be ranked as the 14th largest economy in the world, the 5th largest economy in Asia and the largest economy in the Southeast Asian Region by 2050. We are even poised to surpass other ASEAN countries. We only need to step up our efforts to improve the competitiveness and capability of our various local industries, as we participate in regional and global trade,”