The Philippines and China signed several agreements on the occasion of President Rodrigo Duterte’s visit to China. President Duterte and Chinese President Xi Jinping witness the signing of agreements on August 29.
The agreements signed and exchanged include a memorandum of understanding (MOU) on higher education cooperation between the Commission on Higher Education (CHED) and Ministry of Education of China, MOU on science and technology cooperation between the Department of Science and Technology (DOST) and the Ministry of Science and Technology of China, and cooperative arrangement between the Bureau of Customs (BoC) and China’s General Administration of Customs. It is regarding the implementation of the intergovernmental agreement on cooperation and mutual assistance in Customs matters.
Other agreements include the implementation contract on China-Aid container inspection equipment between the BoC and China’s Ministry of Commerce, exchange of notes on cooperation procedure for concessional loan under a Renminbi-denominated loan facility between the DOF and China International Development Cooperation Agency, and preferential buyer’s credit loan agreement for the Philippine National Railways’ (PNR) South Long Haul Project between the DOF and the Export-Import Bank of China.