THE OPENING OF MANILA

TO FOREIGN TRADE

 When the economic doctrine of

Laissez fair or let alone policy
 advocated by Adam Smith was
accepted by many European
countries.The Spain is also adapted
this doctrine.

This led to the opening of Manila to

foreign trade in 1789.
 Governor General Felix Berenguer
de Marquina, encourage foreign
merchants to come invest in the
Philippines.
 By the middle of the 19th century
there were already number of
English American, German,
French, and Swiss trading
companies in the Philippines.
  More ports were established and
opened to foreign trade .The
opening of sual in Pangasinan,
Iloilo and Zamboanga, Cebu,
Legaspi, and Tacloban.

 To support the growing trade and

improvement in transportation and
communication, an international
communication system was
established in 1888 through an
undersea cable between zambales
and the British Colony of Hong
Kong in 1888.