Philippines to gain 3.1 million jobs as part of AEC
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.
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
You should also see
Millions of children in Vietnam protected by vaccination over 40 years: UN agencies
Millions of children in Vietnam have been protected by immunisation over the past 40 years, said the World Health Organisation (WHO) and UNICEF offices in Vietnam on April 25 when they mark the World Immunisation Week from April 24-30.
See more
World
Indonesia’s coffee exports surpass imports
Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) has reported.
World
Thailand expects wave of tourists during Golden Week
The Tourism Authority of Thailand (TAT) estimates that about 996,000 foreign tourists will visit the Southeast Asian country between April 26 and May 5, known as the Golden Week holidays in Japan, during which Chinese tourists also prefer to travel overseas.
World
Argentinian media praises Dien Bien Phu Victory
Argentinian newspapers have called Vietnam's Dien Bien Phu Victory (May 7, 1954) a symbol of the national liberation movement of oppressed and colonialised peoples worldwide.
World
Laos speeds up granting licences to foreign workers
Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
