est amount of imports come from the United States. The Largest imports from the United States include electrical machinery, machinery, cereals, medical instruments, food waste, and animal feed. In 1997, the Philippines total imports were 34 billion US dollars. The exports for the same year were 25 billion US dollars. The Philippines principal trade partners are the United States, Japan, European Union countries, Taiwan, Saudi Arabia, and Hong Kong.The Philippines has had a lengthy and complicated economic relationship with the United States. In 1949, the United States accounted for a little more than 80% of total Philippine trade. Thereafter, the rise of several other financially growing countries, mainly Japan, caused the decline of the United States' portion of trade. By 1988, the United States accounted for a mere 27 percent of total Philippine trade, compared to the 19 percent by Japan. At the time the Philippines was gaining their independence, they became involved in a number of agreements with the United States. The agreements in effect kept a close link with the United States and protected American business interests in the Philippines.One reason we will not be marketing our 3 wheel carts in the Philippines is because of the age groups. 38% of the population is between the ages of 0-14. 59% of the population are between the ages of 15-64 years of age. The remaining 3% is 65 years and older. Not only is the age group we would be able to market our product to scarce, but the life expectancy rate of the Philippines is only 66.35 years old. Since the 3 wheel carts are mainly used for transportation and shopping, they would not be needed in this country. The younger people, whom do not need this product, do most of the shopping and transportation. ...
