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Economic and social overview of the Philippines: Comparison with The neighboring countries. Trade Organizations APEC ASEAN WTO. Asia-Pacific Economic Cooperation. United States Taiwan Hong Kong China Mexico Papua New Guinea. Chile Peru Russia Vietnam. Asia-Pacific Economic
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Economic and social overview of the Philippines: Comparison with The neighboring countries
Trade Organizations • APEC • ASEAN • WTO
Asia-Pacific Economic Cooperation • United States • Taiwan • Hong Kong • China • Mexico • Papua New Guinea • Chile • Peru • Russia • Vietnam
Asia-Pacific Economic Cooperation • Australia • Brunei • Canada • Indonesia • Japan • Korea • Malaysia • New Zealand • Philippines • Singapore • Thailand
Asia-Pacific Economic Cooperation • Seeks to promote free trade and economic cooperation. • Raise living standards & education levels through sustainable economic growth.
Asia-Pacific Economic Cooperation • Prospects & options for a Free Trade Area of the Asia-Pacific(FTAAP)
Association of Southeast Asian Nations(ASEAN) • Indonesia • Malaysia • Singapore • Thailand • Brunei • Myanmar • Cambodia • Laos • Vietnam
Association of Southeast Asian Nations(ASEAN) • Aims to include the acceleration of economic growth, social progress, and cultural development. • to provide opportunities for member countries to discuss differences peacefully.
ASEAN free trade area(AFTA) – An agreement by the member nations of ASEAN concerning Local manufacturing in all ASEANS.
The World Trade Organization has the authority to administer and police new and existing free trade agreements, to oversee world trade practices, and to settle trade disputes among member states. World Trade Organization
Measures a country’s economic Activity regardless of who owns the productive Assets in that country.
by adding up what everyone earned in a year (income approach) • by adding up what everyone spent (expenditure method). Gross Domestic Product
Main Industries Electronics Assembly Garments Footwear Pharmaceuticals Chemicals Wood products Food processing Petroleum refining fishing
Agriculture Products Sugar Cane Coconuts Rice Corn Bananas Cassavas Pineapples Mangoes pork Eggs Beef fish
Top 10 Exports Coconut Oil Gold Dried fish and shellfish Metal Components Household items, woodcrafts and furniture
Top 10 Exports 6. Fashion Accessories 7. Petroleum Products 8. Electric Apparatus 9. Semiconductors 10. Computer Accessories
Export partners of the Philippines 13.19% 9.44% 15.35% 14.19% 9% 5.12%
Principal purchasers of The countries exports • United States • Japan • Singapore • The Netherlands • Hong Kong • Germany • Thailand
Top 10 Imports • Electronic products • Mineral fuels • Machinery and transport equipment • Iron and steel • Textile fabrics • Grains • Chemicals • Plastic
Principal purchasers of The countries imports • Japan • United States • Singapore • Saudi Arabia • South Korea • Germany • Malaysia
Import partners of the Philippines 9.54% 8.93% 8.27% 15.32% 11.47%
Economic Factors Infrastructure • Schools • Health centers • Bridges • Roads • Irrigation works 9.54% 8.93% 8.27%
Economic Factors Energy • Geothermal Resources • Hydroelectric power • Offshore oil reserves • Coal field 9.54% 8.93% 8.27%
Economic Factors Transportation • Jeepney • Train • National Air carrier • NAIA • MIA 9.54% 8.93% 8.27%
The total of incomes Earned by residents of a country regardless of where the assets are located.
Totaling all personal spending • All government spending all investment spending by a nation's industry both domestically and all over the world.