Guangxi-PH trade agreements hailed » Manila Bulletin News

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By Charissa Luci-Atienza

The signing of several agreements between Guangxi state-owned companies and Philippine investors was hailed by House Speaker Pantaleon D. Alvarez , saying that the business ties will not only enhance the economic growth of Beijing and Manila, but will also promote more friendly relations and political goodwill between the two countries.

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Alvarez witnessed the signing of business agreements during the recent China (Guangxi)-Philippines Business Matching Seminar for Entrepreneurs at the Makati Shangri-la Hotel, which was attended by more than 150 entrepreneurs from both countries.

“By reaching out to each other in the spirit of brotherhood, we will aid in developing stronger government-to-government ties between nations, greater culture-to-culture understanding, and a more robust business-to-business relationships. All of us, including our nations, and most of all, our people, will benefit from this,” Alvarez pointed out.

He said amid the active trade relations between Guangxi and the Philippines, “there is much room for more investments.”

Among the business agreements that were inked last Wednesday was a port cooperation with the Guangxi Beibu Gulf Port Group Co. Ltd., a large state-owned enterprise directly under the administration of Guangxi government and one of the Top 500 enterprises and Top 100 service enterprises.

The agreement provides for cooperation and communication through port information sharing, technological communication, project investment, personnel training, port security, meetings and mutual visits.

Also forged was an agreement with Guangxi Beibu Gulf Port Group Co. Ltd., which provides for international logistics network nodes building, lateritic nickel ore procurement and freight routes.

The agreement provides for joint building of international logistics network nodes by playing their respective advantages, and participating in the development, operation and management of Philippine port project through necessary investigations and preliminary feasibility studies.

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