TAIPEI, Taiwan: After years of strengthening economic relations, Taiwan and the Philippines are expected to continue experiencing increasing amounts of bilateral trade, according to Taiwan’s Ministry of Economic Affairs, with trade volume between the two countries doubling from US$6.05 billion in 2009 to nearly US$12 billion in 2014.
Current figures make the Philippines Taiwan’s 11th largest trading partner. Conversely, Taiwan is the sixth largest destination of exports for the Philippines.
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