PH eyes stronger tie-up with China

Finance Secretary Carlos Dominguez III said the Philippines is seeking stronger partnership with the Chinese government and that the warming ties between the two countries are creating an environment more conducive to sustainable and inclusive economic growth.

Speaking before a visiting delegation of Chinese businessmen, Dominguez said the Philippine government had adopted a more forward-looking policy toward China that recognized “the great synergy that will be generated by the closer partnership between these two countries.”

“We look forward to more partnerships at ground level, at the level of individual enterprises, and shared wealth creation. The opportunities that unite us are far greater than the issues where we might have some differences,” Dominguez said during the Philippines-China Trade and Investment Forum held Monday at the Conrad Manila Hotel in Pasay City. 

China in 2018 was the Philippines’ biggest trading partner with a total trade of $52 billion, up 15 percent higher than the 2017 level. Julito G. Rada

Topics: Carlos Dominguez III , Department of Finance , Philippines-China Trade and Investment Forum
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