China to buy $1 billion Philippine agri products

The Chinese government has committed to import agricultural products worth $1 billion from the country as a result of the less contentious approach of the Duterte administration on the South China Sea territorial dispute.

The purchase agreement between two countries will be signed this month when the Vice Premier Wang Yang of the People’s Republic of China visits the country. He is expected to arrive on March 16 and will visit President Rodrigo Duterte on March 17 in Davao.

The new pledge from China was secured during Trade and Industry Secretary Ramon M. Lopez’s meeting with China’s Minister of Commerce Zhong Shan on Wednesday for the Philippines-China Joint Commission on Economic and Trade Cooperation’s revival.

The agricultural products that China will import are bananas, pineapples, coconut, durian, dragon fruit, mango, marang, mangosteen, coffee, rice, cacao, chicken, duck meat, fisheries, among others.

In October last year, China lifted the ban on the exports of Philippine bananas and pineapples after the reconciliatory visit of President Duterte to Beijing.

 

 

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