Filipino Businessmen Expect Robust Trade with China Despite Hague Ruling

Manila, Philippines (photo from http://www.lamudi.com.ph/)
Manila, Philippines (photo from http://www.lamudi.com.ph/)

The international tribunal ruling on the South China Sea dispute has generated a lot of speculations regarding the future of the Philippines’ trade relationship with China, but some Filipino businessmen believe that not much has changed.

Alfredo Yao of Zest-O Corp. expects it will be business as usual for their company. “It will have no effect,” said the Zesto-O chairman and president referring to their operations in China’s carbonated beverage market.

Carlos Chan of Liwayway Marketing Corporation also maintains a positive outlook on the country’s trade relationship with China. Chan said that the Philippine-China relationship is multifaceted. He believes that economic and cultural exchanges will not be affected despite the South China Sea ruling.

Earlier this year, the Liwayway Group completed a $13 million acquisition of Spain’s Cola Cao business in China.

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