President Ferdinand R. Marcos, Jr.’s state visit to China has yielded productive results that strengthen what he describes as “the positive trajectory” of the two countries’ relationships. MBOpinions READ:
President Ferdinand R. Marcos, Jr.’s state visit to China has yielded productive results that strengthen what he describes as “the positive trajectory” of the two countries’ relationships. Since 2018, the Philippines-China relations had been elevated to the Comprehensive Strategic Cooperation phase.
In a series of roundtable meetings focusing on renewable energy, agri-business, nickel processing, battery and electric vehicle manufacturing, Chinese companies presented their investment plans in the Philippines, totaling US$22.8 billion and trade purchase intentions of close to US$2.1 billion. On the sensitive issue of the West Philippine Sea, the two leaders agreed to establish a more effective system of direct communication lines “at various levels up to the highest level…to avoid possible misunderstanding and miscalculation.” An agreement has been signed between the two countries’ foreign ministries that would operationalize “bilateral mechanisms to promote further mutual trust and confidence in each other,” in dealing with issues in the disputed waters.
President Marcos also reported that “we agreed to resume discussions on oil and gas development and explore opportunities for renewable energy, such as solar, wind, photovoltaic energy, and even touched upon nuclear energy.”
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