Thứ Năm, 18 tháng 8, 2011

Economic issues up in China visit: DFA

ECONOMIC ISSUES will be raised in the visit of President Benigno S. C. Aquino III to China towards the end of the month, an official said yesterday, even as Malacañang was mum on whether a territorial dispute in the South China Sea will be taken up.

Raul S. Hernandez, spokesperson of the Department of Foreign Affairs (DFA), said Mr. Aquino’s visit, scheduled on Aug. 30 to Sept. 3, is aimed primarily at strengthening trade between the two countries.

"The visit hopes to promote a people-centered partnership that will push for more trade, investment, media, culture, education and tourism exchanges between both sides. The visit will also showcase the Philippines as an attractive and profitable business destination," Mr. Hernandez said in a statement.

One of the highlights of Mr. Aquino’s trip to China is his meeting with Chinese President Hu Jintao.

The Palace has earlier raised the possibility of the Spratly Islands dispute being discussed during the meetings, but Presidential Spokesman Edwin Lacierda yesterday said he is unsure if it will be included in the talks.

"I don’t know the exact agenda of the DFA on that aspect. We will confirm with the DFA," he said in a press briefing in Malacañang.

The resource-rich area, renamed by the government as West Philippine Sea, is also being contested by Brunei Darrusalam, Malaysia, Taiwan and Vietnam.

Aside from the meeting with Mr. Hu, the president is also expected to sign the Philippines-China Five-Year Development Program for Trade and Economic Cooperation and to participate in discussions on enhancing the Joint Action Plan on Strategic Cooperation signed in 2009.

Finance Secretary Cesar V. Purisima, Trade Secretary Gregory L. Domingo, Transportation and Communication Secretary Manuel "Mar" A. Roxas II, Energy Secretary Jose Rene D. Almendras and Mr. Lacierda are the only members of the Cabinet so far confirmed to join the trip.

Also, Messrs. Lacierda and Hernandez said a business delegation composed of about 250 members will accompany Mr. Aquino during the trip to seek avenues for investments.

"The Philippines and China will be organizing business fora in Beijing, Shanghai and Xiamen for this purpose," Mr. Hernandez said.

"Those interested in investing in the Philippines will also have an opportunity to meet also with the Cabinet secretaries," Mr. Lacierda added.

Mr. Lacierda said that the business delegation has been trimmed from over 400 volunteers to 250-300 persons who represent different sectors and industries. Various business groups, such as the Makati Business Club, will also be represented. -- N. R. Melican

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