The Department of Trade and Industry (DTI) mentioned Saturday that Chinese investments and commerce with the Philippines had continued amid the territorial tensions between each international locations.
In an announcement, DTI mentioned that business and geopolitics or international locations’ political relations couldn’t be separated.
“A lot of Chinese investments would be… from state trading corporations and companies,” mentioned DTI Foreign Trade Service Officer in Charge Vichael Angelo Roaring in Mav Gonzales’ Saturday 24 Oras Weekend report.
“These are the results po of actual studies and economic opportunities. Chinese investments and trade with the Philippines went on amidst the so-called tension,” added Roaring.
The DTI additionally believed that the 2 funding sectors China was fascinated with have been far faraway from points within the West Philippine Sea.
“Manufacturing and agri-business, these are, parang, basic industries that we would want to grow,” the DTI added.
During President Ferdinand “Bongbong” Marcos’ state go to to China final month, a P22.8 billion funding pledge was obtained, together with e-vehicle investments that can assist the nation’s e-jeepney applications.
The Philippines not too long ago protested China’s use of lasers on the Philippine Coast Guard within the Ayungin Shoal on February 3. — Sherylin Untalan/DVM, GMA Integrated News
Source: www.gmanetwork.com
