During the 10th Asian Summit in Singapore, President Marcos said the Philippines, with a 96 percent employment rate, has rebounded fairly well from the pandemic.
“And the pandemic showed us that this was not a wise choice to have made and so we have continued to develop our agricultural sector and the aspiration once again is that we are able to provide a sufficient supply of food at prices that people can afford,” he said. The USDA’s latest “Grain: World Markets and Trade” report estimated that the total rice importation by the Philippines for the 2022-2023 trade year hit 3.9 million metric tons compared to China’s 3.5 million metric tons.
While at the summit, Mr. Marcos hailed the strong ties between Singapore and the Philippines during a roundtable discussion with Singaporean businessmen on Wednesday night.
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