Inquirer
Durian, PH fruits’ entry into China to help cut trade gap
President Ferdinand Marcos Jr. announced that the Philippines and China have initiated discussions aimed at reducing the significant trade deficit between the two nations, which stood at $15.25 billion in 2021.
A key outcome of these talks is the establishment of a 'Durian Protocol' to facilitate China's import of durian and other agricultural products from the Philippines.
This protocol outlines the necessary phytosanitary requirements for exporting fresh durian from the Philippines to China.
In 2021, the Philippines' imports from China reached $26.8 billion, while its exports to China were only $11.55 billion, highlighting the substantial trade imbalance.
China remains the Philippines' largest trading partner, with a total bilateral trade volume of $38.35 billion in 2021.
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News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Philippines is set to export $260 million worth of durian to China, following a deal secured by President Ferdinand Marcos Jr. during his state visit.
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President Ferdinand Marcos Jr. announced that the Philippines' durian market in China is now officially open for exports.
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President Ferdinand Marcos Jr. made his first bilateral visit to China to strengthen economic ties and cooperation, aiming to discuss political-security issues and the West Philippine Sea.
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President Ferdinand "Bongbong" Marcos Jr. invited Chinese President Xi Jinping to the Philippines following his state visit to China.
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