The Philippines is a developing country with a population of over 100 million people. It has a relatively small economy, with a GDP of around $350 billion. The country is heavily reliant on agriculture, which accounts for around 20% of GDP. Other important sectors include manufacturing, tourism, and remittances from overseas workers.
Opening up the Philippines to world trade has been a key part of the government's strategy to boost economic growth and development. The government has implemented a number of policies to encourage foreign investment and trade, including:
* Reducing tariffs and other trade barriers.
* Improving the investment climate.
* Developing infrastructure.
* Promoting education and skills development.
These policies have helped to attract foreign investment and trade, and have contributed to strong economic growth in recent years. The Philippines is now one of the fastest-growing economies in the world.