Pres. Duterte Urged Korean Investors to Increase Trade & Investments in the Philippines


The host of the ASEAN 2017 Summit, Pres. Rody Duterte urged South Korean investors to further increase trade and investments in the Philippines during a speech of the President on Monday, November 13, 2017.



President Duterte's statement urging Korean investors to invest in the Philipppines was made during a bilateral meeting with Republic of Korea President Moon Jae-in. Pres. Duterte urged South Korean investors to further strengthen cooperation in the area of trade, whether exports or imports.

The 72-year-old President told the South Korean investors to further invest in manufacturing, automotive, food production, processing, agribusiness, electronics and energy.

Pres. Duterte also expressed his gratitude to South Korea for its imports of Philippine products into South Korea, particularly in the areas of personal care and other organic products, food and seafood, garments and chemicals and other electronic parts.

South Korean President Moon Jae-in on his part, expressed hopes that he could enhance Korea-ASEAN relations "to the highest level," noting that he dispatched a Special Envoy to ASEAN following his inauguration.

Pres. Moon Jae-in was quoted as saying "I wish to further strengthen our ties with the Philippines, our long-time friend,” Moon said. The Korean leader also noted that are about 1.5 million Korean tourists who visit the Philippines annually

“It’s a great pleasure that our two peoples are deepening mutual understanding and friendship through close exchanges. And I hope that we could make joint efforts to further strengthen this trend,” he said.

“Among ASEAN nations, we have the most mutual people-to-people exchanges with the Philippines,” he added.

The South Korean President also assured that Filipinos in Korea are safe and comfortable. “I will also pay close attention and make my best efforts to ensure that the Filipinos visiting and living in Korea can be safe and comfortable,” Moon said.

Source: PNA


Pres. Duterte Urged Korean Investors to Increase Trade & Investments in the Philippines Pres. Duterte Urged Korean Investors to Increase Trade & Investments in the Philippines Reviewed by Phil Newsome on 11/14/2017 Rating: 5

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