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India considers long-term economic ties with the Philippines, to boost Indo-Pacific initiative Nayanima Basu
India is making rapid inroads in the Philippines by establishing long-term trade and economic ties even as it plans to have a preferential trade agreement (PTA) with the country. This agreement is expected to deepen bilateral ties between both countries thereby boosting the strategic Indo-Pacific construct. © Provided by The Print
The Philippines, which is the third-largest economy in terms of GDP in the 10-member Association of Southeast Asian Nations (ASEAN), will be the first such country with which the Narendra Modi government is planning a trade pact. The PTA will seek to enhance market access and open up opportunities for greater trade in goods and services, official sources told ThePrint.
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+ December 21, 2020 FILIPINO and Bangladeshi businessmen are pushing to improve the balance of trade between their countries as they also explore more investment opportunities.
Bangladesh-Philippines Chamber of Commerce and Industry (BPCCI) president Akber AI Hakim said the Philippines has “outshined quite a bit” Bangladesh in terms of exports and imports.
“In both countries, you will also notice that our imports are far greater than our exports so you know the trade, the balance there is not necessarily in our favor in the case of both countries,” he said in a webinar hosted by the Philippine Chamber of Commerce and Industry (PCCI).
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