Taiwan pushes free trade accord with Philippines

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TAIWAN’S envoy to the Philippines is pushing for a free trade agreement (FTA) between the two countries to keep Taiwanese investments here as well as jobs for Filipino workers in the island-nation.

“I personally hope the Philippines can sign an FTA with Taiwan. This will strengthen [existing] investments in the Philippines and will attract [more] successful Taiwanese companies to invest in the Philippines,” Donald Lee, Taipei Economic and Cultural Office representative, said in a speech during the launch of Nissan Motor Philippines Inc.’s new X-Trail on Friday night.

Lee said a bilateral trade and investments agreement between Taiwan and the Philippines will “continue the development of investment opportunities . . . especially impending signing of the Economic Cooperation Framework Agreement or (ECFA) between Taiwan and China” this month.

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