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History says that the Philippines had trade relations with foreign countries like Japan, Siam, Cambodia , Borneo, Sumatra, Java and china. A Spanish document of 1586 noted that the Pilipinos were "keen Traders" and have traded with China for many years, before the colonization of Spain.

Since currency was not used then as the medium of exchange, the primitive method of trade was "Barter". The direct swapping of a product for another product. The merchandize was some times priced in terms of "Gold and Gongs".

When Yung Lo (1402-1424) became the emperor of China he sent a large fleet containing sisty vessels of merchandise to the Philippines, inder the command of Admiral Cheng Ho. Different types of commodities were sold to the natives who paid their debts after one year. The Chinese traders were very much impressed and satisfied with the natives for the honesty and prompt payment of their obligations. The word "Cheat" is not in the vocabulary of the ancient Filipinos. It is also interesting to note that our interaction and hospitality with china gave birth to our tawad system, suki, tingi and pakyaw system..

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Jojo Gregor

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4y ago

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