PH pushing agro-industrial products to Mexico
Philippine Ambassador to Mexico Eduardo Jose De Vega is aggressively pushing for exports of the country’s products, particularly agricultural items.
The Philippine embassy in Mexico has been pulling its own weight, said Andrew Masigan in his column in the Business Agenda section of the Manila Bulletin.
According to Masigan, the Philippines has registered hefty trade surpluses with Mexico for successive years now. In 2014, trade between both nations amounted to $486.61 million for which the Philippines realized an impressive $336.5 million surplus. In 2015, trade increased to $545 million and again, a surplus of $353.61 was realized for the Philippines. Trends for 2016 appear consistent with previous years.
Admittedly, Masigan said that trade between the Philippines and Mexico could still improve stressing, “We are barely scratching the surface of our trade potentials.”
Mexico ranks 26th among the Philipines’ trading partners and 18th among its export markets.
“Indeed, there is a lot of work to be done,” Masigan quoted De Vega as saying. “This is why the Ambassador has been going on an all out offensive to promote our agro industrial products, furniture and auto components,” said Masigan.