PHL, Taiwan launch studies for possible trade pactMANILA — The Manila Economic and Cultural Office (MECO) and its counterpart in Taiwan are launching studies that will lead to possible trade agreement between Manila and Taipei. “What we are doing right now, together with Dr. Gary Song-Huann Lin, we are sponsoring for studies that will lead to trade agreement. We aim to know in what industries the Philippines and Taiwan will complement,” Banayo said. Latest data from the Philippine Statistics Authority show that bilateral trade between the Philippines and Taiwan from January to August this year amounted to USD4.74 billion. Philippine exports to Taiwan over the period were valued at USD1.28 billion while imports from Taiwan reached USD3.45 billion.

Source: Manila Bulletin October 11, 2016 09:56 UTC