Philippines, Japan sign 26 deals during Duterte visit: official

ABS-CBN News

Posted at May 29 2019 04:16 PM

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MANILA – Some 26 agreements were signed during President Rodrigo Duterte’s 3-day visit to Japan, a member of his delegation said Wednesday. 

Out of the 26 deals, 19 are letters of intent to do business between Japanese and Filipino firms, while 7 are cooperation agreements, Secretary General of the Philippine-Japan Economic Cooperation Committee JJ Soriano told ANC.

The 19 agreements worth P300 billion could generate over 82,000 jobs, he said. Technology, manufacturing, industrial parks, retail and food businesses are among the letters of intent signed, Soriano said.

Japanese businessmen, who are particularly interested in Duterte's anti-corruption drive, anticipated the President's arrival, Soriano said. 

"That’s one of the things that the Japanese community appreciate, the fact that the government is steadfastly saying that they are against corruption and that they will make sure that investments will be protected and that red tape will be reduced a lot," he said.