PH, China sign 6-year dev’t plan

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PH, China sign 6-year dev’t plan
BY CATHERINE S. VALENTE, TMT   ON   MARCH 18, 2017 TODAY'S HEADLINE PHOTOS, TOP STORIES

http://www.manilatimes.net/ph-china-sign-6-year-devt-plan/317784/

THE Philippines and China have signed a “Six-Year Development Program” to further strengthen trade and investment between the two countries following Chinese Vice Premier Wang Yang’s courtesy call on President Rodrigo Duterte, Malacañang said on Friday.

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The development program is an economic cooperation plan aimed at increasing trade and investment between the Philippines and China, the Palace said. Its memorandum of understanding was signed during Duterte’s visit to Beijing in October last year.

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PH, China sign 6-year trade, economic dev’t plan
Published March 20, 2017, 12:10 AM
by Antonio L. Colina IV and Chino S. Leyco

Davao City — A six-year Philippines-China trade and economic development program was signed here Friday by National Economic and Development Authority (NEDA) director general Ernesto Pernia and Vice Minister of Commerce Fu Ziying.

https://news.mb.com.ph/2017/03/20/ph-china-sign-6-year-trade-economic-devt-plan/

Vice Minister Fu and Chinese Vice Premier Wang Yang were in Davao City for a four-day visit and met with some of the cabinet officials of President Rodrigo R. Duterte, including Finance Secretary Carlos Dominguez III, Budget Secretary Benjamin Diokno, Transportation Secretary Arthur Tugade, and NEDA Director General Pernia.

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Aside from the trade and economic development agreement, the two countries agreed to undertake feasibility studies for the first two of nine projects, the construction of the Panay-Guimaras-Negros Bridges Project and the Davao City Expressway Project.

In their meeting, the Philippine and Chinese officials discussed recent economic developments in the country, including the recently approved Philippine Development Plan (PDP) for 2017-2022, and updates on bilateral cooperation in infrastructure, trade, investments, agriculture, fishery, tourism, and financing cooperation.

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Finance Secretary Dominguez said China will soon conduct preliminary feasibility studies for the proposed Davao City Expressway and the Panay-Guimaras-Negros Island Bridges project.

He and Chinese Vice Premier Wang Yang signed an exchange of letters formalizing the conduct of preliminary feasibility studies for the Davao City expressway and inter-island bridge project.

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