"Taiwan matters because of its vital role in spreading democracy in East Asia. Taiwan matters because of its strategic importance to promote peace in the Pacific region."

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Substantial progress was made in spreading our foreign trade to other areas. Our total trade with Northwest Europe in the first 8  months of last year was 42.3 per cent above the corresponding period the year previous, and our total trade with Asia was up 13.5 per cent. For the first time since 1919, the United States in the first 8 months of 1956 accounted for less than 60 percent of our total trade.

— Ramon Magsaysay