PHL, Thailand going for 'balanced' trade relations Featured

Farmers harvest rice in a field in Can Tho City, located in southern Vietnam. Farmers harvest rice in a field in Can Tho City, located in southern Vietnam.

THAILAND -- Trade relations between the Philippines and Thailand are expected to be "balanced" after the visit of President Rodrigo R. Duterte, Trade Secretary Ramon M. Lopez said Wednesday, March 22.

"Right now, Thailand is our sixth largest trading partner ... Mas malaki ang export nila sa atin kaysa ang export natin sa kanila. What we will do is to balance it," Lopez said in a press conference in Bangkok.

Duterte and his delegation arrived in Thailand on Monday, March 20, and will be there until Wednesday, March 22.

Part of the official delegation are Acting Secretary of Foreign Affairs Enrique A. Manalo, Tourism Secretary Wanda T. Teo and Senator Alan Peter S. Cayetano.

"In this Thailand trip, I guess what I can add is the commitment from Prime Minister [Prayut Chan-o-cha] to help us balance the trade between the two countries," Lopez said.

Latest data from the Philippine Statistics Authority showed Philippine exports to Thailand reached $2.129 billion in 2016.

Meanwhile, imports from Thailand amounted to $6.472 billion. — GMA News

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