The Beginning of A Long Lasting Friendship
The Philippines is an independent republic in the western Pacific about 800 kilometers off the coast of mainland Southeast Asia. The land was occupied by the Spaniards for almost four centuries when the United States helped it gain its independence in June 12, 1898 under the presidency of Emilio Aguinaldo. The people of the country were influenced by a merge of Malay origins and other Western and Eastern occupations. The Philippines is more of an exporter of raw materials and an importer of manufactured goods. Rice and corn are the staple food crops, the latter being eaten by Cebuanos as replacement for the former. These two crops occupy 80% of the republic's agricultural lands while other commercial crops such as coconuts, sugarcanes, bananas, pineapple, abaca, tobacco, coffee and cotton also leads the economy of the entire nation. The land area is unevenly distributed with 70% of all its peasants found landless. Large landowners exercise a significant portion of economic and political power thus; majority of the population relies upon the work given by these cronies in government. It is too sad to note that there are a lot of economic fallbacks which had hurt hundreds if not thousands or millions of its inhabitants. Poverty is a crucial problem faced by the government and the people as well. Industry provides about 25% of the country's gross domestic product (GDP). The processing of agricultural products accounts for almost 50% of all industrial production, followed by electronic and electrical equipment, petroleum refining, chemicals and textiles. Industry is primarily concentrated in the capital city of Manila. Copper, nickel, gold and chromium are mined for export while coal was primarily produced for domestic purposes. Fishing and forestry as well as tourism and remittances are found vital in its economy. Since its alliance with the United States around 110 years ago, these two nations have already been good trading partners all along. As evidence to this, the 14 Philippine Governments that passed relied upon what the US could offer. More than trading, their friendship flourished in their fight against terrorism. Until now, the US plays a major role in the Philippine government's efforts to make the terrorists Abu Sayyaf fall into their hands. Major Trade Between the Two Nations Democratic principles shared by these two nations made their trade prosper. The US had even established a naval base in Clark and Subic supported by several more institutions and companies in the area. The Philippines' foreign trade with US occupies a large portion and in 2006, 16% of its imports came from the US while 18% of the country's exports were bound for US. For the year 2008, the seven-month period ending July gathered a statistical data amounting to US exports to the Philippines of $5.79 billion. The Philippines, on the other hand exported a total amount of $5.91 billion to US. Data for 2006 reflected the following information:
Just like any other trading countries in global business, the Philippines and the US were founded on the ground of various treaties on investment. This was done in order to strengthen the commercial as well as the cultural, social and environmental ties between them. The evident pacts accorded to trade are:
While the two countries agreed to adhere to the pacts they have established and will establish, several militant groups were doing protests here and there. The US government has long been a partner of the Philippines. Without the former, independence of the republic may have not been achieved. Some individuals, however, find US as a threat to the Philippine territory. Protest rallies have always been seen to occupy the lot to where the US embassy stands. Some of the notable disparities are:
The FTA between the US and the Philippines is not yet sealed and other issues still need to be resolved. The tragedies may even lead to better ends for both nations. In their struggle to provide comfort and bliss to one another, there is no room for outrageous feelings and no militant group could cause too much commotion to the foregrounds of the friendship of these two nations. Notably, it has been more than a century since US and the Philippines found their way to each other's arms. Not a single event, whether personal or trade-related could keep them away. The global trade stature of the Philippines is well-supported by the US and vice versa. Hatred is never a hindrance amidst the humiliation and threats. The future generations of these two countries will surely share the good effects of this alliance. US-Philippines Trade References
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Much of the Philippines economic stability depends heavily on the performance of two major trading partners, the US and Japan.
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