DAVAO CITY: THE DUTERTE administration’s rebalancing of the Philippine foreign policy by concluding trade agreements with China and Japan, and the President’s upcoming visit to Russia would “offset whatever possible protectionist policies” that might emanate from the US under the presidency of Donald Trump.

“The Duterte administration is pushing a broad range of institutional and economic reforms with the goal of not only achieving high growth, but also shaping that growth so that it will become truly inclusive,” Finance Secretary Carlos Dominguez 3rd said Friday at the fifth Business Forum organized by The Manila Times. “To achieve that goal, our growth must be investment-led instead of consumption-led.”

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