Last 12 months, Taiwanese investments in the Philippines jumped to P5.Forty six billion (about $121 million), an 83.Three-percentage boom from the previous yr, making Taiwan the country’s 0.33 quickest developing investment supply.
Song stated that in terms of bilateral monetary ties, the 2 nations are essential buying and selling partners to every different. In 2015, Taiwan became the Philippines’ fifth largest trading associate, 9th largest export marketplace, and fourth biggest import supply of the Philippines.
“For Taiwan, the Philippines is the second largest export accomplice of Taiwan among Asean international locations amounting to $7.45 billion, and the eleventh largest buying and selling companion of Taiwan within the global, with bilateral alternate amounting to $nine.27 billion in 2015,” Song added.
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