The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and the Philippines` think tank Philippine Institute for Development Studies (PIDS) have recently launched the country`s 2011 trade and investment report which forms part of the Asia-Pacific Trade and Investment Report (APTIR), an annual publication of the UN ESCAP. This year`s report particularly explores the country`s post-crisis trade and investment opportunities.
According to the report, the country`s trade picked up in 2010 with 26 percent in exports and 21 percent in imports. This made the country`s trade increase to 17.3 percent which is significantly higher than the Asia Pacific region`s average trade growth of 15.8 percent. The report further projects that the whole region is expected to return to historical trade growth rate of 10 percent in 2011.
According to the report, the country`s trade picked up in 2010 with 26 percent in exports and 21 percent in imports. This made the country`s trade increase to 17.3 percent which is significantly higher than the Asia Pacific region`s average trade growth of 15.8 percent. The report further projects that the whole region is expected to return to historical trade growth rate of 10 percent in 2011.
