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Raring to bounce back



Ambassador Jose Santiago Sta. Romana opens the Philippine Investment Forum by stressing on the expanding relations between neighbors. PHOTOGRAPH COURTESY OF DTI

The Philippines successfully reenergized its trade momentum after its significant role in a major Chinese business exposition.

As the government takes the careful steps in rebooting businesses, the sale of goods abroad had shown improvement to reflect the resilience of local industries.

The latest report of the Philippine Statistics Authority showed the country’s total merchandise trade growth remained at a 9.6 percent contraction in July, which was the first time since the quarantine period started in March 2020 that the negative figure moderated to a single digit.

A local delegation attended the China International Fair for Investment and Trade (CIFIT) recently as the fair’s guests of honor.



The exhibition was significant for Asia because among its participants are Chinese firms craving for expansion primarily within the region after their plans were rudely disrupted by the pandemic.

The Department of Trade and Industy unveiled a new international investment brand, “Make It Happen in the Philippines,” during CIFIT to draw in the needed foreign investments.

The Philippines is being tipped to lead the surge of economic revival in Asia, which is an aspiration that was its clear message to China during the milestone event.