POLITICS

Both sides acknowledge the centuries-old bonds of friendship of the two peoples. Both sides agree that the mutual understanding and friendship of the two peoples are important. Both sides agree to make concerted efforts to cement the traditional friendship of the two peoples, and commit to further enrich China-Philippines bilateral relations, which are founded on mutual respect, sincerity, equality and mutual benefit, which is conducive to regional peace, stability and prosperity.

Both sides affirm the importance of the existing China-Philippines bilateral dialogue mechanisms, and agree to resume the Foreign Ministry Consultations, Consular Consultations, Joint Commission on Economic and Trade Cooperation, Annual Defense Security Talks, Joint Committee on Agriculture, Joint Committee on Science and Technology, and other bilateral dialogue mechanisms.

Both sides will encourage exchange of visits of high- ranking government delegations and leaders at the local level, legislative organs, political parties, and civil organizations, and increase interactions and communications.

Both sides reaffirm the principle of the peaceful settlement of all disputes and the Philippines’ adherence to the One-China Policy.