Duterte’s declaration of war against crime has made PH a prime investment destination

  • Taiwan is expecting better and stronger ties with the Philippines under the Duterte administration
  • Taiwan’s renewed “Go South” policy makes the Philippines its most important partner in southeast Asia
  • Duterte’s declaration of war against crime made the Philippines a prime investment destination

Taiwan, officially known as the Republic of China, is expecting better and stronger economic ties with the Philippines as its government under the new leader President Tsai Ing-wen pushes for its renewed “Go South” policy.

Taiwan’s “Go South” policy is aimed at expanding industrial, educational, cultural and agricultural exchanges between Taiwan and member-nations of the Association of South East Asian Nations or ASEAN.

Taiwan Economic and Cultural Office (TECO) Representative Gary Song-Huann Lin said the Philippines, being its closest neighbor and long-time friend, will be Taiwan’s most important partner in the region.

According to Business Mirror, Lin said more partnerships should be expected as Taiwan pledges to make the Philippines a “priority” in the areas of trade and investment under the “Go South” policy of President Tsai Ing-wen.

What made the Philippines a prime investment destination and the most important partner among members of the ASEAN are its fast-growing economy, its young working population, and President-elect Rodrigo Duterte’s declaration of war against criminality, according to Lin.

“We want to partner with your new government under President Rody Duterte. We wish him every success,” Lin said.

“Investors want law and order to have peace and stability so they can concentrate their time to manage their investments,” Lin, who is a personal friend of Duterte, added.

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