My Google Page Rank

PHL, China discuss ways to strengthen bilateral economic ties

PDFPrintE-mail

Despite the on-going spat between the Philippines and the People’s Republic of China (PROC) on territorial disputes, the two countries have agreed to further strengthen their bilateral economic ties.

Employing one of the pillars of the Aquino Administration’s foreign policy — the economic diplomacy, Trade and Industry Undersecretary and Board of Investments (BOI) Managing Head Cristino Panlilio met with Chinese Ministry of Commerce (MOFCOM) Vice Minister Chen Jian this week in Beijing to discuss bilateral economic ties and promote more Chinese investments and joint ventures in the Philippines.

The Department of Foreign Affairs (DFA) reported that Panlilio presented in detail a number of investment sectors in the Philippines which are ready to receive foreign investments, have the capacity to employ thousands in the countryside, and can spur economic development: business process outsourcing (BPO), garments and textiles, mining, and infrastructure/Public-Private Partnership projects.

He also met with China's Vice Minister of Industry and Information Technology Xi Guohua and stressed the importance of connectivity between the Philippines and China, and pushed for more cooperation in the shipping and shipbuilding sector.

The Philippine side observed that shipping rates from Mindanao to Luzon are even more expensive than from the Philippines to China, due, among others, to the age of vessels and their maintenance.

Panlilio invited MOFCOM to organize business missions to visit the Philippines to scope opportunities, to meet prospective business partners and to conduct field visits and pledged full assistance from the BOI to visiting business missions from China.

Panlilio also pointed out that the bilateral trade in services would grow if China looked to the Philippines for its BPO requirements.

As the world's third largest English-speaking country in the world, the Philippines could service China's businesses in English-speaking markets overseas.
He urged China to bring its technology and know-how into the BPO sector, and encourage more engineers and scientists to visit the Philippines.

He added that the Philippines could be China's ideal partner in the latter's program to improve its English-speaking competence.

At the same time, Panlilio explained the importance of the mining sector in poverty alleviation, saying that this industry could create jobs and disperse development into the countryside.

He informed the Vice Minister that inactive mining claims in the Philippines will again become available for new investors, thus widening the market for mining investments.

Both sides agreed to expedite their work in establishing a "China Desk", manned by a Chinese official at the BOI, so that inbound and outbound investors in the Philippines can be serviced more efficiently.

Both sides agreed to deepen communications to ascertain the specific potential of the Philippine market for environmentally-friendly vehicle technologies.

Currently using gas powered buses in Beijing, Chongqing, and other major cities, China, shared its experience in developing both natural gas-fueled vehicles, including for public transport, and electronic vehicles (e-vehicles), and urged the Philippines to organize a delegation of policy-makers and business entities to visit China to understand the new technologies and applications in this sector.

Panlilio shared with Xi the different initiatives being taken in the Philippines to facilitate the growth of the market for new energy vehicles.

Because of the business-driven nature of the industry, both sides agreed to study the possibility for the Philippines to send a shipping delegation to China to meet with industry players and to determine how cooperation with China's shipbuilding sector can be established. (PNA/PIA9-BST)




Related news items:
Newer news items:
Older news items:

Add comment


Security code
Refresh

LA HERMOSA VOLLEYBALL TOURNAMENT

15 Oct 2017 Hits:93 Be the first to comment!

Del Octubre 6, 2017 ya hace el opening del La Hermosa Invitational Volleyball Tournament na Zamboanga Trade School . Este el primer torneo de volleyball ya hace na Ciudad de Zamboanga na esfuerzo di Allan Escudero , Presidente del ZCVA Zamboanga City Volleyball Association .Personalmente ya anda si Allan na 5 Ciudad y provincia para invita con el maga participantes /teams bene na Zamboanga para con el competicion .Ya hace el competicion del Men Volleyball na Trade School y Women Volleyball na Sta Maria Central School . Closing y awarding ya hace na Sta Maria Central School . Si Allan tambien el ya hace el manera para na preparacion del torneo y el fellowship . Ya queda este posible na [...] Read more

Prev Next Page:

2017 ZAMBOANGA HERMOSA WEIGHT LIFTING OPEN COMPETITION

14 Oct 2017 Hits:71 Be the first to comment!

Oct. 7-8 2017 UZ IHK Campus,  Veterans , Zamboanga City GIRLS/WOMEN 12 yrs old & below 1ST PLACE  - RAMOS, ROSE JEAN        Mampang WC 2ND PLACE - HIPOLITO, JEANETH      [...] Read more


DEFENSIVE ARTIST... DEE JAY

08 Oct 2017 Hits:143 Be the first to comment!

Este si Abdulbasir Yasin Tamsilani, 50 años de edad , 5’11” el altor, residente de Campo Islam , Ciudad de Zamboanga. Su tata si Hji Tamsilani Mahamud . Su esposa [...] Read more


AMAZING WINGMAN…. MARK

07 Oct 2017 Hits:127 Be the first to comment!

Este si Mark Salcedo Capuy, su palayao “Duduy”, 29 años de edad, 6 ft el altor, residente de Luyahan , Ciudad de Zamboanga . Su mayores si Almario Alejandro Capuy [...] Read more


PSZCAA SWIMMING COMPETITION

01 Oct 2017 Hits:217 Be the first to comment!

Este el Resulta del  Private Schools of Zamboanga City Athletic Association (PSZCAA) swimming competition del September 9, 2017. El maga ganador del competition ay representa con el  PSZCAA na Triangular [...] Read more


DOST, NAST call for 2018 award nominations

30 Sep 2017 Hits:147 Be the first to comment!

The Department of Science and Technology (DOST) and The National Academy of Science and Technology (NAST) are actively searching for possible nominees for various DOST and NAST awards. NAST, the highest [...] Read more


WMSU researches intensify promotion of rubber production in Zambo Peninsula

29 Sep 2017 Hits:213 Be the first to comment!

The region’s economic growth created greater capacity for consumption for different sections of the population. This has stimulated the demand for various products especially agricultural products, thus, generating the need [...] Read more


ONE OF ZAMBOANGA'S BEST COACH IN SWIMMING ... RENE

29 Sep 2017 Hits:179 Be the first to comment!

Este el istoria del persona que ya contribui su talento y tiempo para na maga swimmers de Zamboanga . Este si Rene Sta Teresa, head coach de Aqua Force , [...] Read more


Religious leaders renew call for peace education amid Marawi crisis

28 Sep 2017 Hits:296 Be the first to comment!

Filipino Religious leaders who attended the annual peace gathering in Rome, have vowed to advance the spread of peace education in all educational institutions to reach a common understanding and [...] Read more


UNIDO SWIMMING CLUBS DE ZAMBOANGA

28 Sep 2017 Hits:167 Be the first to comment!

Este el nuevo officers del ZCASA (Zamboanga City Amateur swimming Association) del September 15, 2017, President- Rustum Villanueva, Vice President- Dr. Omar Aranan jr, Secretary- Sherry Pengson, Treasurer- Kharen Bandolis [...] Read more


1,300 personnel to secure Zamboanga Hermosa Festival

27 Sep 2017 Hits:193 Be the first to comment!

Roughly around 1,300 security personnel are expected to be deployed all over Zamboanga City for the celebration of the Zamboanga Hermosa Festival in October. Acting City Police Director, PSSupt. Neri Vincent [...] Read more


SCC BABY BULLDOGS... 2 CHAMPIONS

27 Sep 2017 Hits:163 Be the first to comment!

Este istoria ya revela canaton el coach Ednie Morones del dos teams que ya gana na torneo reciente lang ,el varsity team del Baby Bulldogs ya gana na torneo del [...] Read more


THE SPIDER MOVES OF JOWIE

25 Sep 2017 Hits:196 Be the first to comment!

Este si Jowie J. Natak , 44 años de edad , 5’ 9 el altor , anak di Nasal Natak y Remedios Jamie Natak que ta esta na Malayal Sibuco [...] Read more


BAP REGIONAL DIRECTOR R-9... REV. FR. JONATHAN DUCA

24 Sep 2017 Hits:162 Be the first to comment!

Este el istoria porcaosa del nuevo posicion que ya dale con Rev. Fr. Jonathan Duka y Omar Bowon, el dos cabesa pensante, que ya delega canila cuando ya atende sila [...] Read more


FAST & THE FURIOUS… STREETTUNERS AUTOCROSS TEAM ZAMBOANGA

22 Sep 2017 Hits:159 Be the first to comment!

Este clase de desportes el Motor Sports – Autocross /Drifting                               El presidente del organizacion si [...] Read more


Mini-grocery loses P.5M to robbers

20 Sep 2017 Hits:204 Be the first to comment!

The Sta. Maria Police (Police Station 7) is now conducting a deeper probe on the robbery of a mini-grocery in Barangay Tumaga, this city, where the sum of P500,000 was [...] Read more


Three hurt including a minor in vehicular incident

20 Sep 2017 Hits:213 Be the first to comment!

Three persons including a minor were injured after they were hit by a motorcycle along MCLL Highway, Barangay Quiniput, this city, last Saturday. Police identified the injured victims as Floribel Perez [...] Read more


SLIPPERY MOVES OF… FLORA

20 Sep 2017 Hits:167 Be the first to comment!

Este si Flora May S. Ceno, ta llama conele Flora , 20 años de edad, residente de Poblacion, Lakewood Zamboanga Del Sur . Su mayores si Rolando M. Ceno y [...] Read more


FIGHTER’S VISION... GHEN YAN

17 Sep 2017 Hits:181 Be the first to comment!

Este si Ghen Yhan Cabayaruz Berdon , su palayao “yan Yan”, 15 años de edad 5’4” el altor, anak di Agbayani D. Berdon y Genalyn Cabayacruz Berdon , hermano  si [...] Read more