No Boycott Of Philippine Products – China’s Vice Commerce Minister

Although there there have been calls to boycott Philippine products after an international court ruled in favour of the Philippines regarding the South China Sea disputes, this has not happened, China's vice commerce minister Gao Yan said.

"There have been calls from Chinese online users to boycott Philippine products, but the actual situation has not happened," she told a media briefing here Tuesday in conjunction with the upcoming 13th China-ASEAN Expo (CAEXPO) to be held from Sept 11-14 in Nanning.

She said that trade relations with the Philippines have been developing well and remained steady over the past year and that China was willing to develop a mutual and diverse trade ties with the Philippines.

Gao also said that China will continue to work closely and deepen its economic ties with ASEAN countries, including the Philippines, pointing out that China was ASEAN's top trading partner, while ASEAN was China's third biggest.

Bilateral trade between China and ASEAN increased to US$472.2 billion in 2015 from US$7.96 billion in 1991, with an annual growth rate of 18.5 per cent, she said.

As of end May 2016, China and ASEAN two-way investment totalled more than US$160 billion, she said, adding that ASEAN had become the main destination for Chinese enterprises in overseas investment.

Gao said that among the cooperation implemented by China and ASEAN involved mainly electricity infrastructure, building of bridges, agriculture and manufacturing.

She said that China was willing to work further with ASEAN countries to strengthen cooperation as well as to consolidate, improve and develop the CAEXPO platform so as to become an important role in making China-ASEAN bilateral ties stronger.

Themed "Building the 21st Century Maritime Silk Road, Forging an Even-closer China-ASEAN Community of Common Destiny", CAEXPO has been an important platform since 2004 to promote trade and relations between China and ASEAN.

Source: BERNAMA

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