Mak­abayan calls for Chi­nese deal terms to be pub­lished

Business World - - The Economy - Char­maine A. Tadalan

THE MAK­ABAYAN bloc of Congress said Thurs­day that the gov­ern­ment must dis­close loan agree­ments the Philip­pine gov­ern­ment en­tered into with China.

“We have signed many agree­ments. It’s im­por­tant to be trans­par­ent and make pub­lic the terms to Congress and the pub­lic,” Act Teach­ers Rep. An­to­nio L. Tinio said in a brief­ing on Thurs­day.

The op­po­si­tion leg­is­la­tors filed House Res­o­lu­tion No. 2336, ask­ing Congress to de­mand the De­part­ment of For­eign Af­fairs, the De­part­ment of En­ergy and the Na­tional Eco­nomic De­vel­op­ment Authority to ex­plain the pro­vi­sions of the agree­ments.

The res­o­lu­tion iden­ti­fied 29 agree­ments, signed on Nov. 20, dur­ing the state visit of Chi­nese Pres­i­dent Xi Jin­ping. They sin­gled out the mem­o­ran­dum of un­der­stand­ing on co­op­er­a­tion un­der the Belt and Road Ini­tia­tive and co­op­er­a­tion on oil and gas de­vel­op­ment be­tween the Philip­pines and China.

“We filed a res­o­lu­tion ask­ing for the terms of the agree­ments to be shared with Congress and the pub­lic,” Mr. Tinio said.

He added that the res­o­lu­tion is “sleep­ing” with the Com­mit­tee on Rules.

Mr. Tinio and IBON Foun­da­tion Ex­ec­u­tive di­rec­tor Sonny A. Africa said the agree­ments may con­tain pro­vi­sions dis­ad­van­ta­geous to the coun­try.

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