With China’s rapidly growing middle-class market and increasingly affluent lifestyles, the government urged Filipino exporters to look for opportunities in this nation of 1.3 billion.
This developed as the Association Southeast Asian Nations (ASEAN) that includes the Philippines has become the largest trading partner of China resulting from the creation of China-Asean Free Trade Area (CAFTA).
“The economic surge of China is a manifestation of prospects it may bring to the Philippine economy,” said Romleah Ocampo, supervising trade industry development specialist of the Center for International Trade Expositions and Missions (CITEM).
She said that China is expected to import more from its Southeast Asian partners to meet the required inputs for its production processes needed to support further expansions.
