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12 December 2014. Vice President Elpidio Quirino was appointed Secretary of Foreign Affairs. The Philippines is primarily considered a newly industrialized country, which has an economy transitioning from one based on agriculture to one based more on services and manufacturing.

Exchange Rate Bulletin-Bangko Sentral ng Pilipinas Stock Exchange News Money from around the World, photo Gallery by bm at M Lhuillier International Remittance Partners

Retrieved b International Monetary Fund. 101 By 2011, China's Chery Automobile company is going to build their assembly plant in Laguna, that will serve and export cars to other countries in the region if monthly sales would reach 1,000 units. Retrieved "Sovereigns rating list". Toyota sells the most vehicles in the country. On, King Charles III of Spain confirmed the establishment of the Royal Philippine Company with a 25-year charter. When the Great Depression happened in the United States, the Philippines on the other hand wasn't affected.

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Retrieved 10 November 2015. "Forced Migration in the Spanish Pacific World" By Eva Maria Mehl, page 235. In 1873 additional ports were opened to foreign commerce, and by the late nineteenth century three cropstobacco, abaca, and sugardominated Philippine exports. "foreign companies eye local BPO sector". Nevertheless, it didn't affect the economy of the islands. Archived from the original on Retrieved. Moreover, the Arroyo administration went through many raps and charges because of some controversial deals such as the NBN-ZTE Broadband Deal. 26, primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits. Retrieved "2012 PH GDP growth revised.8 pct".