WTO Chief Urges PH, ASEAN to Diversify Trade Beyond US, China
Diplomacy

WTO Chief Urges PH, ASEAN to Diversify Trade Beyond US, China

World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala has strongly urged the Philippines and ASEAN to diversify their trade markets, moving away from heavy reliance on the US for exports and China for supplies, and exploring opportunities in regions like Africa, Central Asia, and Latin America. This comes amid trade figures showing the US accounted for 26.6% of Philippine exports in September, while nearly half of imports came from South Korea and China.

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