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Guterres said that the 2030 Agenda f

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MANILA cheap jordan retro shoes , Sept. 12 (Xinhua) -- A senior Philippine official said on Tuesday that the Philippines' integration into the larger Asia-Pacific trade pact Regional Comprehensive Economic Partnership (RCEP) will further boost the country's trade performance.


Economic Planning Secretary Ernesto Pernia also said the proposed RCEP agreement, which will lead to the creation of the world's largest trade bloc, will provide opportunities for all economies involved.


The RCEP includes the 10 member states of the Association of Southeast Asian Nations (ASEAN) - Brunei, Cambodia, Indonesia, Laos, Malaysia cheap jordan shoes for youth , Myanmar, the Philippines, Singapore, Thailand and Vietnam - and six free trade agreement partners China, South Korea, Japan, Australia cheap jordan shoes for kids , New Zealand and India.


"This partnership may facilitate more exchange of goods and services, attract investments, create more jobs, and improve the standard of living," Pernia said.


ASEAN accounts for 21.7 percent of the Philippines' total trade, while the share of RCEP economies to Philippine trade is 60.5 percent.


The RCEP ministers discussed during their meeting in Manila on Sunday ways to accelerate the establishment of the RCEP, which covers nearly a third of the global economy.


Launched in 2012 cheap jordan shoes for womens , the RCEP is also expected to expand the ASEAN market from 600 million people to 3.5 billion, according to ASEAN data.


Meanwhile, the Philippine Statistics Authority (PSA), and attached agency of the National Economic and Development Authority (NEDA), reported that the government recorded a 2.3 percent growth in total trade in July 2017, higher than the previous month's 1.5 percent growth.


The PSA said merchandise trade grew to 12.2 billion U.S. dollars, with a 10.4-percent exports growth offsetting the 3.2 percent decline in imports.


Total trade from January to July 2017 grew to 87.8 billion U.S. dollars or 10.3 percent increase cheap jordan shoes for mens , compared with the same period last year.


"Our country's trade performance is consistent with the Asian trade growth. We are optimistic that higher growth will be achieved for the remaining months of the year," Pernia said.


For July, the PSA said remarkable growth rates in exports were observed in Hong Kong, 26.2 percent; Thailand, 24.2 percent; South Korea, 31.8 percent; Malaysia, 31.6 percent cheap jordan shoes online , and Vietnam, 16.4 percent.


For the same period, the PSA said imports coming from the ASEAN region grew 8.5 percent, led by Indonesia, 44.3 percent and Vietnam, 50.8 percent.


NEDA noted that ASEAN member states agreed during the recent ASEAN Economic Community meetings to prioritize trade in goods and trade facilitation, among others.


"For the region cheap jordan shoes wholesale , this means a chance to double intra-ASEAN trade by 2025. For the Philippines, this means strengthened economic ties with our neighbors and a chance to deepen our partnerships," Pernia said.


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UNITED NATIONS, Sept. 18 (Xinhua) -- United Nations Secretary-General Antonio Guterres Monday stressed the role of the UN to help reshape "unproductive and unrewarding" finance and redirect investment to creating a better world for all.


"The choices we make on finance will be critical," Guterres told a special event held at the UN Headquarters in New York on financing for global development goals as the high-level week of the United Nations General Assembly gets underway.

cor Sustainable Development and the 17 Sustainable Development Goals (SDGs), which was adopted by UN Member States in September 2015, are a blueprint for building an inclusive, sustainable fair globalization.


"We can choose to bemoan the lack of financing for the 2030 Agenda in a world awash with so much unproductive and unrewarding finance. Or we can grasp the opportunity to reshape finance chap jordan shoes free shipping , according to our urgent, collective needs," he said. "The choice is clear. Let us invest in the 2030 Agenda and finance a better world for all."


However, today's global financial system, which manages some 300 trillion U.S. dollars in financial assets, is simply not fit for purpose, the UN chief said cheap jordan shoes for sale , recalling that the Addis Ababa Action Agenda, adopted in 2015 at an international conference in the Ethiopian capital on financing for development, highlights the importance of being innovative in leveraging resources and financing for development.


The UN's three-part strategy for enhancing its support to financing the 2030 Agenda would help achieve short- and medium-term results, he said.


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