Investors Look to Philippines to Avoid Trade War, Says Trade Secretary

The video discusses the impact of global trade tensions on the Philippines, focusing on its trade relations with China and the US. Despite current minimal impacts, long-term concerns include slowed global growth and affected trade. The Philippines could benefit from these tensions by attracting manufacturing relocations. To mitigate risks, the country is exploring nontraditional markets and focusing on innovation.

What is the current impact of trade tensions on the Philippines?

• No impact at all

• Minimal impact due to strong trade ties

• Positive impact due to increased exports

• Significant negative impact

Which country is the Philippines' largest source of imports?

• United States

• Japan

• China

• South Korea

How might the Philippines benefit from the US-China trade tensions?

• By increasing tariffs on imports

• By focusing solely on traditional markets

• By attracting manufacturing inquiries

• By reducing exports to both countries

What is one strategy mentioned for mitigating risks to the Philippine economy?

• Reducing trade with the US

• Focusing only on traditional markets

• Increasing reliance on China

• Innovating and finding new products

Which non-traditional markets is the Philippines exploring to grow its exports?

• Russia and the Middle East

• Australia and New Zealand

• Europe and Canada

• South America and Africa