THE Philippines will gain more from Taiwan's continuing moves to divert its manufacturing market from China, the chief of the Philippine Economic Zone Authority said on Sunday.The Taiwan Plus One Strategy and New Southbound Policy make the Philippines a desired option as an investment hub.
'We need to capture as well those that relocate their export-manufacturing facilities from China to Asean ,' Panga said, adding that Taiwan not only wants to enhance trade and investment ties, but also to leverage Asea's growing economy.Citing a recent study, Panga said Asean is the fifth largest economy globally and has become a vital connector in the shifting trade dynamics between the United States and China.
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