THE Philippines and China concluded Friday a high-level meeting and signed agreements that will boost implementation of projects in the country.
Finance Secretary Carlos Dominguez III, Socioeconomic Planning Secretary Ernesto Pernia, Budget Secretary Benjamin Diokno, Transportation Secretary Arthur Tugade and Public Works Secretary Mark Villar met with the Chinese delegation headed by Vice Premier Wang Yang in Davao City.
The Department of Finance said among those discussed were the recent Philippine economic developments and the recently approved Philippine Development Plan.
"They also discussed general updates on bilateral cooperation, such as infrastructure, trade, investments, agriculture, fishery, and tourism. They also covered financing cooperation between the two countries," it said.
In the same event, Dominguez and Chinese Vice Minister Fu Ziying of the Ministry of Commerce exchanged letters related to the first two feasibility studies of the nine projects getting support from China.
The feasibility studies pertain to the construction of the Panay-Guimaras-Negros Bridges Project and Davao City Expressway Project, the DOF said.
Pernia and Fu also signed the Six-Year Development Program (SYPD) for Trade and Economic Cooperation between the two countries.
The SYDP aims to steer and promote stable and orderly development of economic cooperation, enlarge the scope and enhance the level of cooperation, and drive sustainable and inclusive socio-economic development in both countries. (SDR/SunStar Philippines)