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HomeBusinessTaiwan - Philippines deepens economic collaboration

Taiwan – Philippines deepens economic collaboration

TAIPEI, Taiwan, (TaiwanToday) – Deputy agriculture minister Huang Chao-ching, chair of Chinese International Economic Cooperation Association Joseph Jye-Cherng Lyu, and executive vice president of the US-Taiwan Business Council Lotta Danielsson, led a delegation to the Philippines August 25-30.

The ministry of foreign affairs’ Taipei Economic and Cultural Office in the Philippines and the Manila Economic and Cultural Office facilitated the visit. The MOFA noted that in addition to representatives from MOA, CIECA and USTBC, participants included members from the Taiwan Electrical and Electronic Manufacturers’ Association and the Chinese National Federation of Industries.

After MOFA minister Lin Chia-lung took office, an Executive Yuan working panel on economic diplomacy and a Taiwan-Philippines project group were founded, with support from president Lai Ching-te and the EY, the MOFA stated. The ministry has integrated ministerial resources with those of other government departments to raise the profile of Taiwan-Philippines collaborative projects in energy, smart agriculture, semiconductors and shipping.

Taiwan was the eighth largest trading partner for the Philippines in 2024, and the two nations have complementary economies. The MOFA pledged to further bilateral cooperation in artificial intelligence and semiconductors to forge a democratic, free and prosperous first island chain alliance.

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