Thailand has pledged to help address the trade imbalance with the Philippines by encouraging Thai companies to buy more Filipino products, Trade Secretary Ramon Lopez said on Wednesday. “Right now, Thailand … has a trade surplus [with us]. Exports to Thailand, in turn, amounted to $170.91 million last December, resulting in a trade deficit of $408.93 million, official data showed. Lopez said the two leaders agreed during their bilateral meeting to work together to expand two-way trade and investments between the two countries. With our emphasis on combating corruption, eradicating criminality, and dismantling the illegal drug trade apparatus, we are hopeful of more investments coming in from Thailand,” Duterte said.

Source: Manila Times March 22, 2017 17:37 UTC