The positive impact of an FTA is tremendous, ... Prospects for the Philippine Economy.
I trust that Taiwan is an ideal (FTA) partner for the Philippines. Taiwan is one of the top trading countries in the world, and the Philippines has a comparative advantage (when it comes to) labor- and capital-intensive industries.
Exports and imports will be the main growth drivers next year.
In 2003, Taiwan and Panama signed an FTA. One year after that (pact) was signed, the trade volume (between those two countries) more than doubled, or grew 112 percent,
