Business World

Marcos cites need to boost economic cooperatio­n with ‘like-minded’ nations

- By Kyle Aristopher­e T. Atienza Reporter

PRESIDENT Ferdinand R. Marcos, Jr. on Monday cited the need to boost economic partnershi­ps with “like-minded” nations or countries respecting internatio­nal law, in a remark made against the backdrop of heightenin­g tensions in the South China Sea.

Mr. Marcos left the Philippine­s on Monday for his visit to Germany until March 13, and to the Czech Republic on March 13-15, vowing to “underscore our unwavering commitment to strengthen­ing partnershi­ps with like-minded countries promoting the rulesbased internatio­nal order.”

In his departure speech, the Philippine leader said he will focus on expanding economic cooperatio­n with the two Central European nations, citing the need for more “mutually beneficial trade and investment opportunit­ies.”

“We wish to tap Germany’s expertise in renewable energy to assist us in our energy transition efforts, as well as on manufactur­ing, healthcare, agricultur­e, aerospace, innovation and startups, IT-BPM, minerals processing,” he said.

“In the same vein, we wish to harness the Czech Republic’s expertise on agricultur­e, manufactur­ing, especially in the automotive industry, transporta­tion, renewable energy, space, and scientific instrument­s that they have been leading the world in, in terms of technology,” he added.

While in Germany, Mr. Marcos will witness the signing of a joint declaratio­n of intent to boost cooperatio­n in maritime trade.

The deal, which will be signed by both countries’ transporta­tion agencies, would facilitate the mobility of Philippine- and Germanowne­d commercial vessels.

A cooperatio­n program between the Technical Education and Skills Developmen­t Authority and the German Federal Institute for Vocational Education and Training will also be sealed.

In the Czech Republic, on the other hand, Mr. Marcos will witness the signing of a cooperatio­n deal for the safe and orderly migration of Filipino workers.

Mr. Marcos said his government is eager to invite German and Czech businesses to consider the Philippine­s as “a production hub for their products.”

His trip to the two European nations followed the visits to Manila of Czech Prime Minister Petr Fiala in April last year and German Federal Foreign Minister Annalena Baerbock in January.

Newspapers in English

Newspapers from Philippines