In view of the recent developments caused by the pandemic virus from China, the United States has now introduced plans to shift its dependence from China of its the supply chain; not only that, but the on-going conflict in the south China Sea is also a rising concern because of trade hampered by China's provocative actions in the sea lane.
It was established that there are no historical claims fo China's nine-dash line.
At many instances, there is a satisfying reason that China is not a fair country to deal with, presented by the numerous incidents and situations where it reneged on its statements and promises, and generally, it is now suffering a backlash from countries because of the COVID-19 pandemic that originated in Wuhan.
Because of the plans of the US to shift the supply chains elsewhere, it is very significant for our government to study and take steps towards benefitting the thousands of manufacturers as potential investments in the country that will be a game-changer when it materialized.
Because Inda is on the verge of luring the US businesses to seek them invest in their country, very special consideration for the government to adjust for this sudden change of events to invite the same the US companies to have a look and consider the Philippines at this statement of President Trump.
Foremost, tax and labour regulations must be adjusted to meet favour for foreign businesses to consider the country on a basis that it will have a gradual and reasonable change for the long term solution to our FDI problem.
(We will discuss in the next episodes the local businesses that would primarily benefit anything that the government will legislate alongside with what is best for both foreign and local investments in a single goal of GDP growth.)
The supply chain is one area where the country can benefit arising from the current pandemic situation that our government should look hard into because this is an opportunity for the country to have a good share of foreign firms leaving China. the situation now should have an effect on the government to move on this path of competing with India who is now in motion that will heavily impact the country economically.
Because we lack the technology, foreign investments will make headway for the country to self-develop and gain technology as a long term aspiration.
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