Japan to Invest $1 Billion Agricultural Investments to the Philippines


Agriculture Secretary Manny Piñol, one of Pres. Rody Duterte's closest Cabinet secretary and the most successful so far in terms of giving aid to poor farmers revealed during an interview with ANC that the Japanese government have agreed to invests in the agriculture sector of the country amounting to $1 billion or close to P48 billion to help Filipino farmers.


According to Sec. Piñol, the $1 billion investments from Japan includes a biomass project in Negros Occidental, as well as arrangements for the Philippines to export some of the countries home-grown fruits like bananas, pineapple and avocados to Japan.

Aside from the biomass project and the other investments from Japan,the Philippines is also exploring a long-term loan from Japan to finance an agricultural mechanics program in the country.


With the help of the Japanese government, the Philippines hopes to buy farm equipment, post-harvest facilities, tractors and rice mills from Japan.


During President Rody Duterte's visit to Japan, Sec. Piñol also revealed that he spoke with some prospective Japanese investors on the production of goods using Philippine agricultural products such as rubber and other products from Mindanao.


The investments to the agricultural sectors in the Philippines from one of the world's most powerful economies, Japan also yields on some solid agreements which were made by the Philippine government and Japan.

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Japan to Invest $1 Billion Agricultural Investments to the Philippines Japan to Invest $1 Billion Agricultural Investments to the Philippines Reviewed by Phil Newsome on 10/28/2016 Rating: 5

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