The Philippines could generate an additional 3.1 million jobs as a member of the ASEAN Economic Community (AEC), which is expected to come into being in 2015.
A study prepared by the International Labour Organisation (ILO) and the Asian Development Bank says deepened trade integration under the AEC could lead to both economic and employment growth in the Philippines.
However, around 38 percent of the new jobs could be in vulnerable employment, and women account for just 1.1 million of expected job gains.
The study further says the country needs to boost skills training and social protection in order to make the most of the single common market.
If the benefits of the AEC are unevenly distributed and poorly managed, integration could add to existing challenges in the areas of poverty, inequality, vulnerability and poor job quality, it warns.
By September, the 10 ASEAN member countries accomplished 82.1 percent of prior measures set out in 2013 according to Phnom Penh Agenda 2012 to establish the AEC in 2015.
Once formed, the AEC is hoped to create freer flow of goods, services, investment and skilled labour in the region.
The Association of Southeast Asian Nations, known as ASEAN, groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.-VNA
A study prepared by the International Labour Organisation (ILO) and the Asian Development Bank says deepened trade integration under the AEC could lead to both economic and employment growth in the Philippines.
However, around 38 percent of the new jobs could be in vulnerable employment, and women account for just 1.1 million of expected job gains.
The study further says the country needs to boost skills training and social protection in order to make the most of the single common market.
If the benefits of the AEC are unevenly distributed and poorly managed, integration could add to existing challenges in the areas of poverty, inequality, vulnerability and poor job quality, it warns.
By September, the 10 ASEAN member countries accomplished 82.1 percent of prior measures set out in 2013 according to Phnom Penh Agenda 2012 to establish the AEC in 2015.
Once formed, the AEC is hoped to create freer flow of goods, services, investment and skilled labour in the region.
The Association of Southeast Asian Nations, known as ASEAN, groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.-VNA
