China has expressed willingness to import more products from the Philippines, especially those affected by steep U.S. tariffs, offering an opportunity to boost bilateral trade.
Chinese Ambassador Huang Xilian encouraged the Philippines to take advantage of China’s growing consumer market, emphasizing that the Philippines could expand exports through platforms like the annual China International Import Expo.
Last year, China was the Philippines’ top source of imports and its fourth-largest export destination.
Huang also cited the ASEAN-China Free Trade Agreement and the RCEP deal as key avenues for strengthening economic ties.
He warned that U.S. protectionist policies could disrupt global trade flows. He urged countries like the Philippines to work with China in defending free trade and a fair international economic order.
Source: PhilNews24 | April 21, 2025
PHILIPPINE EXPORT OPPORTUNITIES GROW WITH CHINA’S MARKET OPENING
Latest from Business
State-run Philippine Amusement and Gaming Corp. (Pagcor) has ordered all gaming corporations to disclose their exclusive
BDO Unibank Inc. has removed transaction fees for fund transfers made through InstaPay and PESONet, allowing
Philippine Airlines raised USD 300 million through its first international bond offering to support network expansion
The Philippine Statistics Authority reported that Philippine factory output growth slowed to 10.2 percent in May
The Department of Information and Communications Technology (DICT) has allocated P197.21 million to provide free internet