PH, China reiterate commitment to boost trade, investment, infra development

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Metro Manila (CNN Philippines, August 28) — The Philippines and China reaffirmed their commitment to further strengthen bilateral ties in various sectors to help accelerate recovery post-COVID-19 pandemic.

Leaders of both countries held a telesummit on Friday, where they underscored "the imperative for enhanced economic cooperation" as they work on their recovery after the global health crisis.

"Asia's dynamic future depends on how hard we all work together, how we respect each other and how we ensure that we as nations are mindful not just of our rights but of our responsibility," President Rodrigo Duterte said.

Duterte expressed his gratitude to Chinese President Xi Jinping for his assistance to the Philippines' COVID-19 response and support for the Build Build Build infrastructure program. He said he looks forward to the early completion of other China-funded projects, like flood control projects, railways, and connector roads.

Duterte also encouraged increased investments from the Asian superpower in key sectors like agriculture, fisheries, information and communications technology, and science and technology.

For his part, Xi thanked his "good friend and colleague" Duterte for his remarks at the World Political Parties Summit, and for his vital role in maintaining the good relationship of Beijing and Manila.

He added that China will continue to foster a "principled relationship with the Philippines" and strengthen their comprehensive partnership.

Xi also vowed continued support for the Philippines' infrastructure program and pandemic response, as well as the delivery of more rice donations - keeping his commitment to donate 10,000 metric tons of rice, of which 5,275 have already been delivered.

The Chinese leader emphasized they are ready to take on opportunities "to advance the cause of the peace and prosperity for the whole of humanity together with the Philippines."

Both also committed to continue programs to fight terrorism.