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Duterte to witness signing of bilateral deals with SoKor

After meeting with Republic of Korea President Moon Jae-in, President Rodrigo Duterte will witness the signing of several bilateral agreements at the Cheong Wa Dae (Blue House) on Monday afternoon.

Philippine ambassador to South Korea Raul Hernandez said earlier four bilateral agreements will be signed, further enhancing and strengthening both countries’ bilateral relations and cooperation in all fields.

One is the loan agreement on the Cebu International Container Port project which will increase the capacity and efficiency of the new container port. This project will boost the economic development of Cebu and the surrounding regions by providing jobs to the residents, and contribute to the economy given the unimpeded flow of goods and services in the Visayas region.

Another is the memorandum of understanding (MOU) on cooperation in the field of transport between the  Department of Transportation and Korea’s Ministry of Land Infrastructure and Transport.

“This MOU will bolster a cooperation in the transport sector and this MOU is meant to enhance a joint participation in construction projects in either country or in third countries, facilitation of enhancement of transport safety, security and environmental protection and facilitation of the provision of transport related human resources, equipment and materials,” Hernandez said.

Also to be signed is the MOU on scientific and technological cooperation between the Department of Science and Technology and the Ministry of Science and Information Communication Technology of Korea.

Hernandez said this MOU will deepen scientific and technological cooperation at the expert’s level in many areas including, but not limited to, advance material sources.

“We are talking here of biotechnology, nanotechnology, data analysis, artificial intelligence, space technology, innovation policy, metrology, etc. So in short, this agreement will greatly help the scientific and technological development of the Philippines,” he added.

The MOU on trade and economic cooperation between the Department of Trade and Industry and the Korean Ministry of Knowledge and Economy will also be signed.

“This will establish the joint commission of trade and economic cooperation and these will be held at the vice-ministerial level to discuss engagements in trade and investment industry and industrial science and technology among other areas of cooperation,” Hernandez said.

Apart from the four bilateral agreements, Hernandez said other MOUs will be signed separately at Lotte Hotel on June 5.

“One is agriculture cooperation which is actually an agreement that will strengthen regional cooperation among members including in forest policy and technology,” he said.

This will help the Philippines in its efforts to rehabilitate its forests and prevent further degradation and deforestation, he added.#