Is Philippines still a 'white spot' on the map for Germany?

摘要

According to GPCCI, there were 52 German firms operating in the country in 2009. German direct investments in the Philippines increased significantly from 2008-2009, by EUR28 million to EUR324 million, while indirect investments decreased by EUR1 million in 2009, compared to the previous year. By 2010, trade volume between Germany and the Philippines reached EUR3.3 billion, making it the Philippines's top trading partner from Europe. Germany was still the top trading partner of the Philippines in 2012, bringing in 32.4% of EU's US$10,571 billion trade with the Philippines (9.3% of the country's total foreign trade), according to the National Statistics Office.