Philippines maintains open investment, tourism from China amid West Philippine Sea tensions, per NEDA Secretary Balisacan.
The Philippines will not impose restrictions on Chinese investments or tourism, despite tensions in the West Philippine Sea, according to NEDA Secretary Arsenio Balisacan. Balisacan emphasized the interconnectedness of regional economies and the importance of global supply chains. The Philippines relies on China for economic ties, but also needs to invest in agriculture and fisheries to maintain food security.
June 26, 2024
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