Philippine deals with US, Japan will not affect China’s investments: Marcos

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Business deals that the Philippines secured at a summit with Japan and the United States will not affect China’s investments in the Philippines, President Ferdinand Marcos Jr. said on Friday.

The Philippine President also assured that the trilateral agreement his country has signed with Japan and the United States covers issues beyond security and defence, such as “economic assistance and partnership”.

Marcos Jr. referred to the recent confirmation by the Chinese Embassy in Manila that his predecessor, Rodrigo Duterte, had reached a gentleman’s agreement with Xi Jinping on the Ayungin Shoal (a disputed territory between China, the Philippines, Vietnam and Taiwan). The president claimed not to know what the agreement was about, but acknowledged that it existed and encouraged journalists to investigate.

Encounters have become more frequent in the past year as Beijing presses its claims and Manila refuses to halt fishing and resupply activities for Philippine military personnel at two contested shoals. China considers these illegal intrusions, and has tried to repel the vessels.

In a series of Washington summits this week, the allied leaders unveiled a wide range of pacts to boost security and economic ties in the face of China’s growing might.

Earlier on Friday, China summoned Japanese and Philippine diplomats to express strong dissatisfaction over negative comments about it aired during Thursday’s trilateral summit.

(Production: Greg Savoy, Jose Pablo Diaz)

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34 COMMENTS

  16. Bakit Kasi sobrang takot ng ating pcg at navy mga wlang kwenta sayang lang pasahod sa Pera ng taong bayan at pati Sina Duterte di nyo ipakulong Ang matandang un mas matapang sayung naka upong presidente

  20. Junior speak only of what he thinks with out thinking the dynamics of what he is saying will affect the future of the Philippines
    As we all know china is the biggest business partner of the Philippines and if china continued to take away thier business here our economy will get a biggest setback , his economic leaders knows it that why they lowered thier predictions of our economic growth from 7 to 4 percent because china started to moved out thier businesses in the Philippines ,

  24. Marcos walang totoong tapang at malasakit SA bayan… Tingnan mo Pilipinas ngayon napakamahal Ng bilihin… Sapagkat ang pinansin Niya ang komukontra SA administration Niya… At kapag Meron isiwalat na may magnakaw SA MGA ayuda katulad nangyari SA Davao del norte. Norte pinasispended Niya in short patahimikin…

  29. The money his father has stolen from the poor people kept in United Snakes banks are more important than the people and nation. Nevermind the common people and nation suffer. As long as his family money is safe.

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