PH, Fujian bizmen ink 15 deals

Manila -- Fifteen cooperation agreements and joint venture deals were signed with companies based in Fujian province, further enhancing trade and investment relations in sectors of agriculture, tourism, and real estate between the Philippines and China.

A delegation from the Fujian government, led by its Governor Tang Dengjie, visited Manila last week to explore ways of boosting economic ties with their Filipino counterparts.

According to the Department of Trade and Industry (DTI), among the business deals that were signed last week include the US$4.51-million purchase of banana from Del Monte Fresh Produce, as well as the $6.27-million deal with Verde Horizon Agri-Ventures Corp.

“We have strong historical ties with Fujian Province and its people. Our proximity with each other has attracted so many Fujian investors to do business in the country and partner with other Filipino business groups,” said Trade Secretary Ramon Lopez.

“Fujian investors and members of their business sector have strong interest in investing in the Philippines considering our potentials. They would also like to ride on our growing economy and join us in maintaining its momentum,” Lopez added.

Moreover, the trade chief has encouraged Fujian businessmen to explore investment opportunities in the Philippines. PNAonline system already in place,” she added.