Japan, S. Korea Willing to Lower Prices if PH Decide to Boycott “Made In China” Products

At the first major international gathering after the Permanent Court of Arbitration (PCA) released its verdict favoring the Philippines, Japan and South Korea expressed their willingness to support the Philippines, if it decides to officially boycott “Made in China” products.

After PCA released its final decision on June 12, Chinese people urged the government to stop importing mangos and other fruits from the Philippines. In response, Filipinos are seeking to boycott “made in China” products.

Japan and South Korea on Friday during the Asian-European summit in Mongolia said, they are ready to lower their prices if the Philippines decide to import more products from their countries to replace Chinese products.

South Korea also said it will offer low cost products to the Philippines, and low cost local manufacturing as well.

Chinese and Filipino citizens have been exchanging barbs online since the PCA released its verdict three days ago.

Both countries sees a major deal with the Philippines if the latter decide to stop dealing with China, but Filipino-Chinese businessmen in the Philippines are showing concerns about the issue.

“I hope the issue on West Philippine Sea will not affect our economy. There will be a massive loss of jobs if the Philippines decide to boycott most products from mainland China”, Crispin Lee, a Tsinoy businessman told reporters on Friday. /Andres Narvaez/

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