Cooperation on 30 projects part of China’s commitment to support PHL — Palace

MANILA-- Malacanang clarified on Tuesday that the 30 projects cooperation worth USD3.7 billion is part of the commitment of China to help the Philippines' poverty alleviation programs.

"Not that there is any quid pro quo (a favor granted in return for something) but it is part of China's commitment to support the Philippines' situation," Presidential Spokesman Ernsto Abella said in a press briefing.

Abella also said the deals are the results of "a flourishing of business-to-business efforts" following a fruitful four-day state visit of President Rodrigo Duterte to China October last year.

President Duterte's historic visit to China has resulted to USD15-billion investment pledges from one of the country's biggest economies.

Three months after Duterte's visit, Department of Finance (DOF) Secretary Carlos Dominguez spearheaded another delegation that met Chinese Commerce Minister Gao Hucheng in Beijing last Monday.

In a report of state-run Xinhua News Agency, Dominguez said his meeting with the Chinese Commerce Minister is "very productive."

He said they discussed large projects focusing on poverty reduction particularly in rural areas.

Chinese Vice Premier Wang Yang told the Philippines' delegation that the two countries were friends and there was enormous potential to develop trade and business ties, state news agency Xinhua said.

Both countries should continue to push for the healthy development of relations, Wang added.

Aside from Dominguez, the Philippine delegation includes Secretaries Benjamin Diokno of Department of Budget and Management, Ernesto Pernia of National Economic Development Authority, Mark Villar of Public Works and Highway and Arthur Tugade of Transportation. (PNA)

Source: Philippines News Agency