Exploring the Ways to Promote the Development of Bilateral Trade China and the Philippines

Abstract

Over the past few decades, the bilateral trade relationship between China and the Philippines has experienced significant transformations. The development of this trade relationship holds immense importance for fostering people-to-people exchanges, promoting economic and social development in both countries, and contributing to regional peace and development. The objective of this study is to investigate methods for enhancing the growth of bilateral trade between China and the Philippines, while analyzing the impact of factors such as tariffs, non-tariff measures, trade policies, and currency co nsiderations. Through a combination of literature review and content analysis, data were collected and utilized to conduct a comprehensive and objective analysis of the historical and current state of bilateral trade between the two countries. The proposed framework for this research aims to utilize a wide range of data to examine and identify strategies for promoting trade development. Currently, the overall scale of bilateral trade between China and the Philippines remains limited, characterized by an imbalance in trade, low levels of bilateral trade, a narrow range of traded commodities, and insufficient complementarity between industries.