duterte presidency: But whatever the commitments made by China, it is unlikely to expect that the Philippines would, under Duterte presidency, intentionally weaken its economic relationships with the US and its allies, according to Global Times China. In the present era of globalization, economic engagement is not a zero-sum game nor is any economic relationship exclusive. China has reportedly agreed to provide $16 billion in aid to the Philippines after the two countries pledged to forge closer economic ties. Duterte visit to Japan, a country which remains the largest donor, top export destination and an important source of investment to the Philippines, has great economic implications for Manila. In this regard, the Philippines will need to expand its economic relations with foreign countries, Japan included, to get more financial and technical support for its projects. Despite an unclear picture of what kind of strategy Duterte will adopt to steer the economy, it seems that the country has turned its attention to improving airport and railway infrastructure as well as its road network.
(news.financializer.com). As
reported in the news.
Tagged under duterte presidency, export destination topics.