At least 10 deals expected to be signed as Duterte heads to Japan
Published on: Saturday, May 18, 2019
MANILA: The Philippines and Japan are expected to sign at least 10 business deals when President Rodrigo Duterte goes to Tokyo at the end of the month to speak at a business conference, Trade Secretary Mon Lopez said.Deals include investments in electronics, manufacturing, and artificial intelligence, as well as agreements related to energy, transportation, and tourism including theme parks.
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He said the deals include investments in electronics, manufacturing, and artificial intelligence, as well as agreements related to energy, transportation, and tourism including theme parks.
“So far we have mga 2 MOUs (memorandum of understanding) and mga 8 na letters of intent. In other words companies that are already here that are intending to expand their operation, invest more, expand the operations,” he said .
Lopez said the amount of the deals are “substantial,” adding there may be more signed agreements.
“These are big Japanese companies na we cannot also ignore, they still want to express their support and confidence for the current administration and they want to indicate their intent to invest more,” he said.
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The deals will be inked when Duterte heads to Tokyo as a keynote speaker at the 25th Nikkei Conference on the Future of Asia, which will be held from May 30 to 31.Stay up-to-date by following Daily Express’s Telegram channel.
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Photo Source: CNN Philippines
