DTI Confirms the Philippines and Japan Will Sign $1.5 Billion Deals


The Department of Trade and Industry (DTI) revealed to the media that the Philippines and Japan will sign the $1.5 billion deals during the state visit of President Rodrigo Duterte in one of the world's richest economies.

Pres. Duterte Arrived in Japan (Photo Credit: Reuters)
DTI Secretary Ramon Lopez confirmed on Tuesday about the billion-dollar deals between the two countries which is expected to generate at least 200,000 jobs through the planned 12 business deals with an investment value of more than a billion dollar.

Based upon the initial statements released by DTI, the deals between the Philippines and Japan includes projects in different industries such as automotive, shipbuilding and ship repair, biomass fuel, optical image stabilizers, agriculture, electric vehicles, vehicle parts, renewable energy and energy management systems.

The Agriculture Department under the leadership of Sec. Manny PiƱol confirmed earlier that Filipino farmers will begin supplying bananas to a Japanese supermarket chain under an agreement that will be signed by Pres. Duterte during his trip to Japan.

DTI Sec. Ramon Lopez (Photo Credit: Rappler)
The positive response of the Japanese government and the trusts extended by various business sectors in Japan is another proof that the administration of Pres. Rody Duterte is trusted.
During earlier meeting between Pres. Rody Duterte and Japanese Prime Minister Shinzo Abe, the Japanese leader told the Philippine President that he is quite popular in Japan. Most OFWs in Japan also believed that Pres. Duterte's victory in the last election was due to the power of social media volunteerism.


DTI Confirms the Philippines and Japan Will Sign $1.5 Billion Deals DTI Confirms the Philippines and Japan Will Sign $1.5 Billion Deals Reviewed by Phil Newsome on 10/26/2016 Rating: 5

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