Alan Peter Cayetano, the Philippines' new foreign secretary, greets a well-wisher during a visit to a passport office in Manila on Friday. Asked by journalists what other donors would be covered by the aid boycott, Cayetano replied, "All countries." "We have good relations with the EU but it's going through a rocky period or a roller-coaster ride," he said. The EU is a leading foreign investor in the Philippines, the only member of Asean to enjoy duty-free exports under the EU's incentives for developing countries. The Philippines' duty-free exports to the EU were worth around €1.6 billion ($1.78 million) in 2016, according to EU delegation data.
Source: Bangkok Post May 19, 2017 13:18 UTC