‘Focus on improving trade ties with China’

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The story "‘Focus on improving trade ties with China’" was covered 10 hours ago by Business Mirror, a news publisher based in Philippines.

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‘Focus on improving trade ties with China’ - Business Mirror

Quick Summary:

DESPITE its ballooning trade deficit with China, the Philippines should just focus on improving its trade relationship with the economic powerhouse, as it is the lone source of cheap goods in the world, according to the Philippine Exporters Confederation Inc.(Philexport).

Philippine exports of metals to China also declined, he added.“In the meantime, we don’t have a substitute for what we import from them; they’re really just our only source.

On the other hand, our exports to China fell in the same manner that their investments declined because of the geopolitical aspect,” Philexport President Sergio R.Ortiz-Luis Jr.told the BusinessMirror in a phone interview on Monday, speaking partly in Filipino.