A high-ranking delegation from the Philippine Embassy in Spain, led by Consul General Mark Francis Hamoy, visited the Port of Algeciras to strengthen trade ties established a year ago. In a meeting with the Port Authority of the Philippines (APBA) and the business community, the delegation highlighted the remarkable 27% growth in bilateral trade, positioning the Philippines as the port's second largest Asian market after China, and with a trade balance favorable to Spain.
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La Port Authority of the Bay of Algeciras (APBA) It has been the setting for an important working meeting with representatives of the Embassy of the Philippines in SpainThe Asian delegation was headed by the consul general, Mark Francis Hamoy, accompanied by the trade advisor, Althea Karen Antonio, and the attaché advisor, Carlos J. BarcelonaThey were received by the president of the APBA, Gerardo Landaluce, the president of the COMPORT Port Community, José Manuel Tejedor, and Paola Castro, head of market development in Asia for Andalucía Trade, the organization that coordinated the visit. After the meeting, the Philippine delegation toured the main facilities of the Port.
Growth Driven by Strategic Exchange
The president of the APBA, Gerardo Landalucehighlighted the excellent evolution of import and export traffic between both parties. According to Landaluce, during the current fiscal year, these flows have increased by 27%, which makes the Philippines the second asian market for the Port of Algeciras, second only to China.
The composition of the trade balance is varied and strategic. The Philippines uses the port of Algeciras to send automotive components to Europe and plastic manufacturingAmong others. For its part, Spain exports high-value products to the archipelago from the Strait port, such as Jerez brandy, olive oil y porkThis configuration maintains a positive trade balance for Spain.
Despite these encouraging figures, the sector acknowledges that there is potential for more. The president of COMPORT, José Manuel TejedorHe noted that: “there is a lot of room for improvement, something that the port companies are working on with the aim of increasing connectivity between Algeciras and the Philippines.”
Currently, this connectivity is guaranteed through four shipping lines, with a transit time (transit time) from 34 days by Singapore o Kaohsiung (Taiwan).
Continuity of a Strategic Relationship
This visit continues the bilateral work that began exactly one year ago with the First Trade Mission of the Port of Algeciras to the PhilippinesThat mission had as its primary objective strengthen trade relations and has been followed by several meetings in Madrid, notably the participation in the XI Business Forumdemonstrating the mutual commitment to boosting the business and the internationalization of the economies.
