PRACTICAL COOPERATION
The Chinese and Philippine sides welcomed the signing of the Memorandum of Understanding (MoU) on Cooperation on the Belt and Road Initiative, according to the document.
Both sides hailed the progress in bilateral trade and economic cooperation and recognized that infrastructure cooperation has been a highlight of China-Philippines bilateral cooperation.
China expressed its commitment to import more high-quality agricultural products including tropical fruits from the Philippines through expeditious completion of the accreditation process to enhance two-way trade balance.
The two sides will speed up the implementation of the China-Philippines Industrial Park Development Program, which was signed during this visit, and will continue to provide an enabling environment for their enterprises to invest in each other's country.
China reiterated its firm support to the Philippine government's efforts in fighting against illicit drugs and drug-related crimes, and expressed willingness to strengthen cooperation in areas including combating the smuggling of illegal drugs and their precursor chemicals, intelligence sharing, joint investigation and operation as well as drug rehabilitation, according to the statement.
The document also stipulated cooperation between China and the Philippines in other areas including defense, health, counter-terrorism, science and technology, tourism and education.
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