Philippines tipped to reap benefits of digital trade

ABS-CBN News

Posted at May 30 2019 11:37 AM

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MANILA - The Philippines should invest more in information and communications technology to fully tap the potential of digital trade, an analyst said Thursday.

Business Process Outsourcing (BPO) is currently the largest segment of digital trade in the Philippines, Hinrich Foundation research fellow Stephen Olson told ANC.

"The good news for the Philippines is that there is a lot of untapped potential yet to be tapped into," Olson said.

"In terms of what the Philippines should do moving forward to fully tap into this opportunity…continue to maintain an open digital trade environment this means data localization requirements and unnecessary digital content restrictions should be avoided if possible," he added.