China to buy $1B in Philippine agriculture products


Posted at Mar 08 2017 10:02 PM

MANILA - China will buy $1 billion in agricultural products from the Philippines, President Rodrigo Duterte's trade minister said Wednesday, as the two countries continued to deepen trade ties.

The purchase agreement will be signed when Chinese Vice Premier Wang Yang visits the Philippines this month, said Trade and Industry Secretary Ramon Lopez

China will buy Mindanao delicacies like durian and marang as well as avocadoes, bananas, pineapples, coconuts, mangoes, dragon fruits, mangosteens, rice, coffee, cacao, fish, chicken and duck meat, Lopez said.

Since the lifting of Chinese ban in October, Filipino farmers have exported $100 million in bananas and pineapples to China.

Ties between Beijing and Manila have thawed since Duterte assumed office last year and set aside an international arbitration court's ruling that favored the Philippines in its sea dispute with China.