In support of the 51st World Trade Center General Assembly happening in Taipei, Taiwan on March 1-4, 2020, World Trade Center Metro Manila (WTCMM) is forming a business delegation to take part in the conference. The business delegation aims to participate in trade related activities, gain industry insights, exchange expertise, explore international business opportunities, establish global network and showcase the Philippines to the international market.
With the implementation of the New Southbound Policy (NSB), Taiwan expects better trade and investment ties with 18 countries including the Philippines. Previous to the NSB policy, the Philippines and Taiwan have cooperated in the areas of education, human resources, smart agriculture, aqua-agriculture and tourism. The Philippines is one of the 66 countries that enjoy a visa-exempt entry to Taiwan, making the country accessible and convenient for travel.
Recently, a new bilateral investment agreement was signed with the Philippines in December 2017. Since then, Taiwan was the Philippines’ second-largest source of foreign direct investment after Japan. The Taiwan Ministry of Economic Affairs stated that the Philippines could serve as an important gateway for Taipei’s economic expansion and a hub for its global market access strategies.