Expanding Philippine Trade: Measures to match Intra-ASEAN-4’s Trade Level

Anne Beatrice Concio (University of Santo Tomas, Philippines)
Geoffrey Federic Garcia (University of Santo Tomas,Philippines)
Vance Sañosa (University of Santo Tomas, Philippines)
Marie Antoinette Rosete (University of Santo Tomas, Philippines)

Universal Journal of Science and Technology
Vol. 1 No. 2 (2022): September 2022

The Philippines has copious natural resources and a literate workforce, creating a possibility of further growth and being at par with Members’ Intra-ASEAN Trade Levels and ASEAN’s Average Trade Level. With this, the effect of the Philippine Total Trade, GDP by Sector, Foreign Direct Investment (FDI), and Intra-ASEAN Trade by Products on the Philippine Intra-ASEAN Trade Level were examined among the ASEAN-4 nations – Indonesia, Malaysia, Thailand, and Singapore. Such was necessary to state if a connection exists between the former and the latter. Moreover, as numerous countries form trade blocs globally, trade agreements for broader economic integration and grow their trade, as the world is interconnected through trade. This study will reinforce those external initiatives by foreign countries (FDI) and regional organizations (ASEAN) will remain keys to further trade liberalization and economic growth in the Philippines.