– Improve cooperation in the field of infrastructure. The two sides stressed that infrastructure development is a priority of China-Philippine economic and trade cooperation, saying their effective cooperation on the North Rail project has become a new symbol of China-Philippines friendship and cooperation. The Chinese side said it will continue to support infrastructure projects in the Philippines such as the North Rail and South Rail projects. The two sides have set up a mechanism to discuss, coordinate and facilitate partnerships between their companies in the infrastructure sector. Under Ferdinand Marcos, 1975 to January 1986 (8 agreements) Several important bilateral agreements were signed between the two countries over the years. These include the Joint Trade Agreement (1975); Agreement on Scientific and Technological Cooperation (1978); Postal Convention (1978); Air Transport Agreement (1979); Cultural Agreement (1979); Investment Promotion and Protection Agreements (1992); Agreement on Agricultural Cooperation (1999); Tax Convention (1999); Treaty on Mutual Assistance in Criminal Matters (2000); Extradition Treaty (2001); Convention on Reciprocal Visa Waiver for Holders of Diplomatic and Official/Service Passports (2004); and an agreement on a joint marine seismic enterprise in certain areas of the South China Sea by and between the Philippine National Oil Company and the China National Offshore Oil Corporation. In May 2000, on the eve of the 25th anniversary of diplomatic relations, the foreign ministers of the two countries signed a joint declaration defining the framework for bilateral relations in the 21st century. 15. Both sides reject violent extremism and terrorism in all its forms and will work together in areas such as information sharing and capacity building to jointly prevent and address the threat of violent extremism and terrorism.
– Vigorous promotion of economic cooperation and trade. The two sides should take full advantage of existing economic and trade cooperation mechanisms, exploit their economic complementarity and cooperation potential, expand and diversify the trade structure, further develop trade and investment, and strive to increase bilateral trade to more than $30 billion over the next 5 years. 9. Both sides welcome the signing of various agreements and memoranda of understanding listed in the annex during the visit. (c) to strengthen scientific and technological cooperation in accordance with the Agreement on Scientific and Technological Cooperation signed on 14 March 1978 and to enter into new areas of cooperation through joint research, technology transfer and other means. 13. The two sides agree to continue their coordination and cooperation within the Association of Southeast Asian Nations, the ASEAN Regional Forum, the Asia-Pacific Economic Cooperation, ASEM, the World Trade Organization, the United Nations and other multilateral for a. They will actively promote and protect the common interests of developing countries in regional and international for a, particularly in the areas of trade and finance, human resources development and the promotion of the interests of workers, farmers, women and children. 24. The two sides express their willingness to jointly engage in practical cooperation, including investment in infrastructure, construction of infrastructure projects and industrial production capacity.
The two sides agree that joint infrastructure cooperation will be subject to an appropriate procurement process, transparency and in accordance with relevant national laws and regulations as well as international practices. In 1999, the Ministry of Agriculture of China and the Ministry of Agriculture of the Philippines signed the agreement to strengthen cooperation in agriculture and related fields. In 2000, relevant government agencies signed an agreement under which China would offer a $100 million credit facility to the Philippines. In March 2003, China`s aid project, the China-Philippines Agricultural Technology Center, was completed. With its successful experimental planting in the Philippines, China`s hybrid rice and corn have grown over vast areas of the country. In 2004, the two sides signed the Memorandum of Understanding on cooperation in the fisheries sector. In January 2007, the Chinese and Philippine Ministries of Agriculture signed a memorandum of understanding on expanding and deepening cooperation in agriculture and fisheries. President Hu Jintao also met with senior Philippine officials, including Senate President Franklin M.
Drilon and President Jose C. De Venecia, Jr. of the House of Representatives, and spoke at a joint session of the Philippine Congress. 31. China expresses its readiness to help the Philippines establish an industrial system of scientific research and training in science and technology. Both sides are ready to explore the possibility of jointly building technology transfer centers, joint laboratories and platforms for sharing scientific and technological resources. 21. Both sides agree that bilateral economic cooperation remains strong but has room for growth. The two sides pledge to improve economic relations in the two countries` priority sectors by exploiting their complementarity and continuously promoting trade, investment and economic cooperation through the activities set out in the Memorandum of Understanding to strengthen bilateral trade, investment and economic cooperation.
(ii) agree to create an enabling market environment by identifying and removing barriers to trade and investment; 35. Both sides express their interest in extending the partnership agreements between their cities and provinces and note that these agreements will promote mutual understanding between their peoples and unlock the potential for co-operation at local level. – Strengthening of ties between southern China and northern Luzon. The two sides recognized the gradual development of economic and trade relations, including people-to-people exchanges and air services, between China and the northern part of Luzon, Philippines, on the basis of complementary economic structure, geographical advantages and market forces. They agreed to promote port and air transport links and to support exchanges between businesses and people. The Philippines welcomed the opening of a new Chinese consulate in Laoag as a positive step in that direction. 10. Both sides express their interest in concluding agreements and memoranda of understanding in areas such as education, finance, customs and sport. In April 2002, Philippine Defense Minister Reyes visited China. In June, Philippine naval fleets visited China for the first time. In September, China`s Vice Chairman of the Central Military Commission, State Councilor and Defense Minister Chi Haotian visited the Philippines. In 2004, Narciso Abaya, Chief of the General Staff of the Armed Forces of the Philippines (AFP) and Defense Minister Avelino Cruz, visited China and the two sides set up the annual defense and security consultation mechanism.
In May 2005, Xiong Guangkai, Deputy Chief of Staff of the Chinese People`s Liberation Army (PLA), visited the Philippines and held the first defense and security consultation with Philippine Defense Minister Antonio Santos. In May 2006, AFP became Chief of the General Staff.
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