Philippine Delegation to Meet with Chinese Officials for the $15-Billion Investment Deals


A Philippine delegation composed of high-level officials will meet with Chinese officials this week in China to discuss further the deatils of the $15 billion worth of economic deals and investment commitments forged between the Duterte administration and the Chinese government during the state visit of our chief executive last October.




Joining the Philippine delegation are notable names of the Duterte Cabinet namely Finance Secretary Carlos Dominguez III, DBM Sec. Benjamin Diokno, DOTr Sec. Arthur Tugade, DPWH Sec. Mark Villar, while NEDA Director General Ernesto Pernia leads the delegation on their vist to China today, January 23 and tomorrow January 24, 2016.

Aside from the Cabinet members mentioned above, NEDA Director General Rolando Tungpalan  DPWH Undersecretaries Emil Sadain and Karen Jimeno,  and Bases Conversion and Development Authority (BCDA) president-CEO Vivencio Dizon are also part of the delegation.

According to the government officials, while in Beijing they are due to hold separate meeting with China Vice Premier Wang Yang, Commerce Minister Gao Hucheng, and National Development and Reform Commission (NDRC) chairman Xu Shaoshi. The delegations will also meet up with top officials of the China Investment Corp. (CIC).

The meetings between the Philippines and China will cover discussions on the government-to-government projects signed between the Philippines and China; the proposed projects for financing and feasibilit studies; the chairmanship of the Philippines this year of the ASEAN; and matters concerning the AIIB and the Philippines' flagship infrastructure projects such as the PNR South line, the Mindanao Railway and he Subic-Clark Railway.

Philippine and Chinese officials have agreed in November last year during a meeting in Manila to move ahead on, and set up structures of coordination to effectively implement, the investment pledges forged between Manila and Beijing during President Duterte’s state visit to China.

Source: Philippine Information Agency (PIA)

Philippine Delegation to Meet with Chinese Officials for the $15-Billion Investment Deals Philippine Delegation to Meet with Chinese Officials for the $15-Billion Investment Deals Reviewed by Phil Newsome on 1/23/2017 Rating: 5

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