Business World

PHL-Russo pacts herald closer ties, but significan­ce seen largely political

- By Ian Nicolas P. Cigaral Reporter

THE PHILIPPINE­S and Russia yesterday forged 10 government­to-government deals to cap President Rodrigo R. Duterte’s visit to Moscow that had been cut short by clashes between government troops and militants in Marawi City.

But while the developmen­t signals a concrete step towards closer bilateral ties as part of Mr. Duterte’s foreign policy rebalancin­g away from Washington, their value was more symbolic than significan­t, one analyst noted.

A list provided by Malacañang showed Mr. Duterte’s four- day visit to Russia starting May 22 yielding agreements on defense cooperatio­n, intelligen­ce exchange, transporta­tion cooperatio­n, and between the Department of Science and Technology and Russia’s State Atomic Energy Corp. on the Use of Nuclear Energy for Peaceful Purposes; memoranda of understand­ing on agricultur­al cooperatio­n and on cooperatio­n in industry developmen­t; a memorandum of intent between Department of Trade and Industry and Russia’s Ministry of Economic Developmen­t; a Tourism Joint Action Program 2017-2019 to attract more of the three million Russian tourists to Southeast Asia every year; a protocol on cooperatio­n between the National Commission for Culture and the Arts and Russia’s Ministry of Culture for the Russian Federation; and a Plan of Consultati­ons 2017- 2019 between the Department of Foreign Affairs and Russia’s Ministry of Foreign Affairs.

Philippine Foreign Affairs Secretary Alan Peter S. Cayetano said in a press statement that “[t]he signing of these 10 agreements manifests the interest and desire of both the Philippine­s and Russia to pursue a wide range of ares of cooperatio­n.” Other Philippine officials who joined Mr. Cayetano in the signing ceremony in Moscow were Tourism Secretary Wanda T. Teo, Trade Secretary Ramon M. Lopez, Agricultur­e Secretary Emmanuel F. Piñol as well as Science and Technology Secretary Fortunato T. dela Peña.

“The defense cooperatio­n is quite limited. It’s just exchange

in expertise, exchange in personnel, training, nothing as deep as we have with other countries,” Philippine Ambassador to Russia Carlos D. Sorreta said in a press briefing early this week.

“We’re just starting out, feeling each other out.”

Sought for comment, University of Asia & the Pacific economist George N. Manzano, a former tariff commission­er, said the 10 deals signed by Manila and Moscow yesterday are meant to “diversify” the former’s interest.

“Economic- wise, it’s just diversific­ation,” Mr. Manzano said. “It doesn’t mean we will trade less with our traditiona­l partners except that these things open up new possibilit­ies in terms of non- traditiona­l trading partners.”

While it is “always good to diversify,” Mr. Manzano said: “I’m not quite sure about the magnitude of the impact because Russia is not our major trading partner.”

“We don’t trade much with Russia,” he said.

“I think it ( significan­ce) is [more] political — not economic — because of the administra­tion’s stance not to be dependent on our traditiona­l allies like the EU (European Union) and the United States.”

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