The overall Trade (Exports and Imports) between Russia and the Philippines jumped 100% to Usd 1.2 billion in 2019 under the Duterte Administration.
Of course this is quite small when compared to our Trade with other countries like the United States (US), for example wherein our Trade with them is worth a total of Usd 18 billion.
But it is growing, and with President Rodrigo Duterte’s visit to Russia, expect more Trade opportunities to come up. More Trade means more Businesses, Jobs and Taxes are generated for more Filipinos.
REFERENCES:
* Russia eyes Diversified Trade, Cooperation with PH
* Philippines: Trade Statistics
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Of course this is quite small when compared to our Trade with other countries like the United States (US), for example wherein our Trade with them is worth a total of Usd 18 billion.
But it is growing, and with President Rodrigo Duterte’s visit to Russia, expect more Trade opportunities to come up. More Trade means more Businesses, Jobs and Taxes are generated for more Filipinos.
REFERENCES:
* Russia eyes Diversified Trade, Cooperation with PH
* Philippines: Trade Statistics
Like my page on Facebook: https://www.facebook.com/philippinedefensebulletin
Follow me on Twitter: https://twitter.com/PhilDefNews
Subscribe to me on Blogger: https://therhk111philippinedefenseupdates.blogspot.com
Visit me on Wordpress: https://rhk111smilitaryandarmspage.wordpress.com
Watch my Youtube Channel: https://www.youtube.com/channel/UCPoTzGfu0iP9VPaQQ9EOjVQ/videos
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