BEIJING —Fourteen bilateral offers have been signed throughout President Ferdinand “Bongbong” Marcos Jr.’s state go to to China, Palace stated on Wednesday.
These offers had been within the sectors of agriculture, infrastructure, improvement cooperation, maritime safety, and tourism, amongst others.
The two international locations signed a joint motion plan for 2023-2025 on agricultural and fisheries cooperation between the Department of Agriculture (DA) and China’s Ministry of Agriculture and Rural Affairs, in addition to a memorandum of understanding (MOU) on cooperation on the Belt and Road Initiative (BRI), which was launched by Chinese President Xi Jinping in 2013.
The BRI is a world infrastructure improvement technique to put money into almost 150 international locations and worldwide organizations, which can improve connectivity and facilitate smoother commerce flows amongst Asia, Europe, and Africa.
Manila and Beijing additionally had a deal on the handover certificates of the Philippine-Sino Center for Agricultural Technology-Technological Cooperation Phase III (PHILSCAT-TCP III).
A memorandum of understanding was additionally signed between the Ministry of Industry and Information Technology of China and the Philippines’ Department of Information and Communications Technology (DICT) on digital and data and communications expertise (ICT) cooperation.
They additionally agreed on a protocol of phytosanitary necessities for the export of contemporary durians from the Philippines to China between the DA and China’s General Administration of Customs.
Also sealed was the the handover certificates of two bridge initiatives in Manila, the Binondo-Intramuros bridge and the Estrella-Pantaleon bridge, the Palace stated.
There was additionally the framework settlement for the Renminbi-portion of the mortgage financing for 3 precedence initiatives of the Department of Public Works and Highways (DPWH).
Four mortgage agreements for the mixed-credit financing (US Dollar and Renminbi) of three precedence bridge initiatives underneath the DPWH had been additionally signed.
The Philippines and China additionally agreed on the implementation of a memorandum of understanding on tourism between their respective tourism departments.
Further, a MOU between the Department of Trade and Industry (DTI) and the Ministry of Commerce of China on digital commerce cooperation; a MOU between the National Economic and Development Authority (NEDA) and China’s International Development Cooperation Agency on the Development Cooperation Plan 2023-2025; and an settlement on financial and technical cooperation between China and the Philippines had been additionally inked.
A mutual recognition settlement between the General Administration of Customs of China and the Bureau of Customs (BOC) of the Philippines on licensed financial operator program was additionally inked by the 2 international locations.—LDF, GMA Integrated News
