Abe offers PH P430B package

Japan Prime Minister Shinzo on first official visits to Philippines will provide a  ¥1-trillion (P430 billion) aid package to strengthen economic relations.

Photo from manilatimes
According to both leaders Duterte and Abe, the aid package would consist of official development assistant and private sector investments.

“For the further development of the Philippines, we will create business opportunities through ODA and private-sector investments, which together will be of the order of ¥1 trillion over the next five years,” Abe said

“We will leverage Japanese technology and know-how to the fullest extent to positively cooperate for the improvement of infrastructure in Metro Manila and the whole of the Philippines,” he added.

According to President Duterte, during his visit to Japan in October last year, the economic agencies have been instructed to seek new areas for collaboration.

“We also sought to further strengthen economic cooperation… As part of those efforts, we are encouraging our business sectors to intensify two-way trade and investments,” Duterte said.

President Duterte during his opening statement in summit meeting with Abe’s visit to the country said, “Let us continue to work together to achieve goals of a more stable and secured region so that our nations and peoples can enjoy more peace, progress and prosperity,”

Prime Minister Abe’s response said, “This is a tremendous honor for me to be invited as the very first foreign leader under your administration visiting Manila. I chose the Philippines as my first destination this year and that is a testament to my primary emphasis on our bilateral relationship with the Philippines,”

“And together with you, I am committed to elevating our bilateral relationship to a higher ground covering a wide-range of areas,” Abe added.

Duterte and Abe pledge to ensure that Philippines and Japan would enjoy “more peace, progress and prosperity.”

“As maritime nations, the Philippines and Japan have a shared interest in keeping our waters safe and secure from threats of any kind. Capacity-building and assets acquisition and upgrading will be a centerpiece of this collaboration. We hope to fast-track the delivery to the Philippines of key assets already in the pipeline and the acquisition of new ones,” Duterte said.

Abe said that the Philippines assured “hand-in-hand for the stability and prosperity of the region.”

“Both countries being maritime nations, Japan will enhance support for capacity-building in the field of maritime security,” the Japanese premier said.

They are also pursuing a peaceful longstanding maritime over West Philippine Sea (South China Sea).

“The issue of the South China Sea is linked directly to regional peace and stability and is a concern to the entire international community,” Abe said.

Abe also expressed his support to develop Mindanao as well as supporting for war on drugs in the Philippines.

“For our part, Japan will tap among others, knowledge of the private sector to assist in the improvement of related facilities, formulation of treatment programs and in other areas,” Abe said.


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Source:  Manilatimes

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