At a press conference in Bangkok, Lopez stated Thai Prime Minister Prayut Chan-o-cha has assured President Rodrigo Duterte of his authorities’s commitment to “stability” the change hole throughout a assembly late Tuesday.
“Right now, Thailand … has a exchange surplus [with us]. In other words, mas malaki po ang export nila sa atin kaysa export natin sa kanila [the value of their export is higher than our export to them],” Lopez instructed journalists.
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“What they'll try to do is stability that during terms of … I bet, encouraging many of their companies here to buy Philippine products so we can also increase our exports to Thailand,” he added.
According to the Philippine Statistics Authority, Thailand became the Philippines’ fourth biggest supply of imports, accounting for $579.84 million of the full import invoice in December final yr.
Exports to Thailand, in flip, amounted to $a hundred and seventy.91 million remaining December, ensuing in a change deficit of $408.Ninety three million, legit data showed.
Lopez stated the 2 leaders agreed at some stage in their bilateral meeting to paintings collectively to enlarge two-manner alternate and investments between the 2 nations.
“It takes time to slim the space but we’ll work in the direction of improving our products so they may be marketable,” he said.
Lopez also stated he and other participants of the Philippine delegation held an investment forum in Bangkok on Wednesday afternoon to draw more Thai firms to make investments within the u . S ..
“[We’d like to] inspire them to make investments in the Philippines and ride on the sturdy monetary growth that we're having. We are doing a number of reforms within the u . S . In order that we can inspire greater investments,” he said.
The Philippines and Thailand on Monday signed three bilateral agreements, enforcing arrangements on precise regions of cooperation in technological know-how and technology, tourism and agriculture.
“Right now, Thailand … has a exchange surplus [with us]. In other words, mas malaki po ang export nila sa atin kaysa export natin sa kanila [the value of their export is higher than our export to them],” Lopez instructed journalists.
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“What they'll try to do is stability that during terms of … I bet, encouraging many of their companies here to buy Philippine products so we can also increase our exports to Thailand,” he added.
According to the Philippine Statistics Authority, Thailand became the Philippines’ fourth biggest supply of imports, accounting for $579.84 million of the full import invoice in December final yr.
Exports to Thailand, in flip, amounted to $a hundred and seventy.91 million remaining December, ensuing in a change deficit of $408.Ninety three million, legit data showed.
Lopez stated the 2 leaders agreed at some stage in their bilateral meeting to paintings collectively to enlarge two-manner alternate and investments between the 2 nations.
“It takes time to slim the space but we’ll work in the direction of improving our products so they may be marketable,” he said.
Lopez also stated he and other participants of the Philippine delegation held an investment forum in Bangkok on Wednesday afternoon to draw more Thai firms to make investments within the u . S ..
“[We’d like to] inspire them to make investments in the Philippines and ride on the sturdy monetary growth that we're having. We are doing a number of reforms within the u . S . In order that we can inspire greater investments,” he said.
The Philippines and Thailand on Monday signed three bilateral agreements, enforcing arrangements on precise regions of cooperation in technological know-how and technology, tourism and agriculture.
