{"id":73268,"date":"2016-03-30T23:07:04","date_gmt":"2016-03-31T03:07:04","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=73268"},"modified":"2016-03-30T23:07:04","modified_gmt":"2016-03-31T03:07:04","slug":"president-aquino-seeks-foster-untapped-trade-potential-philippines-india","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2016\/03\/30\/president-aquino-seeks-foster-untapped-trade-potential-philippines-india\/","title":{"rendered":"President Aquino seeks to foster untapped trade potential between Philippines, India"},"content":{"rendered":"
\"President<\/a>
President Benigno “Noynoy” Aquino lll delivers his speech during the opening ceremony of Publish Asia 2016 Conference, with the theme “Mapping Challenges and Opportunities in the New Asian Media Game,” held at the Manila Hotel in One Rizal Park in Manila, Wednesday, March 30, 2016.
(Photo by Benhur Arcayan\/Malaca\u00f1ang Photo Bureau)<\/figcaption><\/figure>\n

MANILA \u2013 Amid the 94 percent market opening for Philippine products in India, President Benigno S. Aquino III said the country is seeking to explore the untapped trade potential between the two nations.<\/p>\n

\u201cThere is huge potential, largely untapped, between India and the Philippines that we seek to tap at the soonest possible time for both our countries\u2019 mutual benefits,\u201d he said during the open forum of the Publish Asia 2016 Conference held at the Manila Hotel on Wednesday.<\/p>\n

The President further explained that the middle class could benefit from cars produced in India.<\/p>\n

\u201cOne of your major industrial conglomerates \u2013 Tata \u2013 is already present in the Philippines and exactly has timed its entry correctly in that there have been something like a 26 percent growth in yearly sales of cars, in particular. We have an increasing middle class that is in need of such products,\u201d he said.<\/p>\n

The Chief Executive noted that the Philippines has taken advantage of 74 percent of the 94 percent market opening in India, citing that the trade between the two countries had increased to US$ 1.59 billion in 2015 from US$ 1.06 billion in 2014.<\/p>\n

\u201cHaving said that, I think we are very glad that India has already allowed a 94 percent market opening for Philippine products. The Philippines is trying to catch up, we are presently at the 74 percent level. We recognize how important a market engine is for the Philippines,\u201d he said.<\/p>\n

\u201cWe want to foster a very, shall we say, better relations with India… There\u2019s a 50 percent growth in trade between the Philippines and India, which was at the US$ 1.06 billion level in 2011, it is now \u2013 in 2014 or 2015 \u2013 US$ 1.59 billion already.\u201d<\/p>\n

President Aquino also said the Philippines could learn from India in terms of managing telecommunication companies.<\/p>\n

\u201cLessons that can be learned, for instance, in your (Indian) telcos and managing our own (Philippine) telcos. I can go on and on\u2026 But we have been trying to really deepen the relations between the Philippines and India in so many different aspects and I think we are already bearing fruit from this,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2013 Amid the 94 percent market opening for Philippine products in India, President Benigno S. Aquino III said the …<\/p>\n","protected":false},"author":33,"featured_media":73269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,1145,16,95],"tags":[9640],"class_list":["post-73268","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-headline","category-news","category-news-ph","tag-pna","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/73268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=73268"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/73268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/73269"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=73268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=73268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=73268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}