6 months PH still far from closing wide trade gap with China MB |Biz
By Madelaine B. Miraflor Trade Secretary Ramon Lopez said that despite ongoing efforts, the trade imbalance between the Philippines and China remains so huge, still favoring the world’s second largest economy. Trade and Industry Secretary Ramon M. Lopez At the China-Philippines Summit 2019, Trade Secretary Ramon Lopez said the Philippines needs to boost its production of agriculture and non-agriculture products in order to correct the trade imbalance between the country and China. A data from the Philippine Statistics Authority (PSA) showed that People’s Republic of China was the country’s biggest supplier of imports with 22.2 percent share to total imports ... more