India, Philippines to enhance bilateral ties
Jasleen Kaur | The Dollar Business Underlining the fact that bilateral trade between India and Philippines hasn’t reached to the desired level, the two countries on Friday expressed their desire to enhance the scope of their bilateral trade relations by focusing more on goods that holds high trade potential. “There is a need to further facilitate trade between India and the Philippines especially since both economies are growing. As of now, India’s investments in the Philippines are mainly in the area of textile, IT, steel, airports, chemical and pharmaceuticals,” said Anil Monga, Managing Director, Emmsons International Ltd. “Another major area, which needs attention is the food area. The Philippines imports around 1.5 million tonnes of rice from various countries, especially, from Thailand and Vietnam ...
