SUMMARY
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Will heightened tension between the Philippines and Taiwan over the killing of a Taiwanese fisherman by the Philippine Coast Guard on May 9 be disadvantageous to the country? On Tuesday, May 14, Taiwan announced it had stopped issuing visas, thereby freezing the hiring of Overseas Filipino Workers. According to the Bangko Sentral ng Pilipinas, Taiwan is the 4th largest source of remittances from Asia. Tourism may also be affected, considering that Taiwanese tourists ranked 5th in number among tourist arrivals in 2012. Finally, also in 2012, Taiwan was the country’s 9th largest trading partner. Taiwanese Premier Jiang Yi-huah rejected the apology of President Aquino, describing as “unacceptable” the presidential spokesman’s statement. Presidential Spokesman Edwin Lacierda said the death of the 65-year-old fisherman was unintended.
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