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A member of Philippine Navy personnel waves flags of the Philippines and China as the People's Liberation Army Navy Ship Qi Jiguang arrives at the South Harbor in Manila, June 14, 2023. A contingent of the Chinese Navy is on a 4-day goodwill visit to the Philippines, following stops in Vietnam, Thailand and Brunei.  Rolex Dela Pena, EPA-EFE/File 

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Chinese Navy on goodwill visit to Manila

Jessica Fenol

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/171150709325211537530.jpg" style="width:950px" class="fr-fic fr-dib" alt="A member of Philippine Navy personnel waves flags of the Philippines and China as the People&#x27;s Liberation Army Navy Ship Qi Jiguang arrives at the South Harbor in Manila, June 14, 2023. A contingent of the Chinese Navy is on a 4-day goodwill visit to the Philippines, following stops in Vietnam, Thailand and Brunei.  Rolex Dela Pena, EPA-EFE/File  "/><span class="fr-inner" style="text-align:left"><span id="isPasted" style="color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:pre-wrap;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">A member of Philippine Navy personnel waves flags of the Philippines and China as the People&#x27;s Liberation Army Navy Ship Qi Jiguang arrives at the South Harbor in Manila, June 14, 2023. A contingent of the Chinese Navy is on a 4-day goodwill visit to the Philippines, following stops in Vietnam, Thailand and Brunei.  <em>Rolex Dela Pena, EPA-EFE/File </em></span><em> </em></span></span></span></div><p>MANILA – Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) President Dr. Cecilio Pedro said on Tuesday he was optimistic that China and the Philippines could further boost economic ties through trade despite tensions in the West Philippines Sea.</p><p>During the Canton Trade Fair road show held in Taguig, Pedro said China is the “biggest market in the world”, therefore considered as a key trading partner for businesses that are exploring ways to grow.</p><p>He said geopolitical issues, such as the territorial disputes in the West Philippine Sea, could be set aside to boost economic ties of different countries.</p><div><a href="https://news.abs-cbn.com/news/2024/3/26/filipino-scientists-in-pag-asa-island-harassed-injured-by-china-aircraft-bfar-1104">Filipino scientists in Pag-asa Island &#x27;harassed&#x27;, injured by China aircraft: BFAR</a></div><p>“If the relations between countries is not in good terms, syempre may repercussions. My position here is set aside muna natin yung problema natin sa West Philippine Sea, let&#x27;s move forward in trade… Pag-usapan,” Pedro told reporters.</p><p>“Pag nag-uusap, magkakaroon ng adjustment, konting compromise, maghanap tayo ng paraan na ma-push yung trade natin,” he added.</p><p>(If there are talks, there will be adjustments, compromise, we find ways to push trade.)</p><p>Pedro added that China and Philippines should find ways to work together in trade in order to contribute to the country’s gross domestic product (GDP) growth in 2024.</p><p>Chinese manufacturing firms, he said, are also looking at Southeast Asia for expansion, which Pedro said bodes well for the Philippines.</p><p>“The trade is the key, pag-usapan natin, how we can work together in trade. The key there is how to generate trade specially manufacturing… Sana ma-invite natin manufacturing firms in China to come over and put up factories in the Philippines for exports to other parts of the world,” he said.</p><p>(I hope we can invite manufacturing firms in China to come over and put up factories in the Philippines for exports to other parts of the world.)</p><p>China is among the top trading partner of the Philippines in terms of both imports and exports.</p><p>Pedro urges Philippines businesses to participate in the upcoming Canton Import and Export Fair in Guangzhou City in April.</p><div><a href="https://news.abs-cbn.com/video/business/10/28/23/drop-trade-ties-with-china-expert-says-ph-can-find-other-partners">Break trade ties with China over West PH Sea? Expert says PH can find other partners</a></div><div><a href="https://news.abs-cbn.com/business/2024/3/11/marcos-says-us-an-essential-investment-ally-as-biden-sends-trade-mission-1936">Marcos calls US an &#x27;essential investment ally&#x27; as Biden sends special trade delegation to Manila</a></div><div><br/></div><div><br/></div>

<p>Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) President Dr. Cecilio Pedro said on Tuesday he was optimistic that China and the Philippines could further boost economic ties through trade despite tensions in the West Philippines Sea.</p>

Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) President Dr. Cecilio Pedro said on Tuesday he was optimistic that China and the Philippines could further boost economic ties through trade despite tensions in the West Philippines Sea.

FilChi group says Philippines can boost trade ties with China despite sea row

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FilChi group says Philippines can boost trade ties with China despite sea row

Jessica Fenol,

ABS-CBN News

Published Mar 27, 2024 10:48 AM PHT

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Updated Mar 27, 2024 10:52 AM PHT

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