The Philippines continues to push for trade facilitation and security through the ASEAN talks.
BSP has forged agreements with the central banks of Indonesia, Malaysia and Thailand as they look to set up direct settlement systems across currencies.
The Philippines has underscored the need for member-states of ASEAN to share their efforts and initiatives in deterring money laundering schemes, which have been proven to be among the primary tools being used to fund international terrorist activities.
Ph raised the need to review and eliminate trade-inhibiting non-tariff barriers (NTBs) at a recent meeting of Association of Southeast Asian Nation (ASEAN) ministers, the trade department said.
Asean countries including the Philippines would unlikely have difficulty settling their obligations, an economist of the Washington-based multilateral lender World Bank said Wednesday.
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