Trade Agreements Between China And Philippines
Seeking strong bilateral economic cooperation; Set a $30 billion trade target by 2010; China hopes that the Philippines will maintain the “one China” principle and prevent the Taiwan issue from harming relations between Beijing and Manila, Geng added. Philippines – Japan Economic Partnership Agreement The Philippines and Japan concluded a free trade agreement in 2008. The VPA is the Philippines` only bilateral free trade agreement covering, among other things, trade in goods, trade in services, investment, personal transport, intellectual property, customs procedures, improving the business environment and public procurement. In August 2003, the two countries signed the Memorandum of Understanding for the construction of the Northern Luzon rail project. In April 2005, the two countries signed the infrastructure cooperation agreement between the Ministry of Commerce of the People`s Republic of China and the Ministry of Trade and Industry of the Republic of the Philippines. Joint declaration of intent between the Government of the Philippines and the Government of the People`s Republic of China on promoting trade and investment cooperation. Signing in Manila, April 27, 2005. Memorandum of Understanding between the Philippine Council of Youth Political Leaders (PCYPL) Foundation, Inc. and the Chinese Association for International Understanding (CAFIU).
Signing in Beijing, July 5, 2005. Postal parcel agreement between the Office of Posts of the Republic of the Philippines and the Directorate General of Telecommunications of the People`s Republic of China. Signing in Beijing, November 18, 1978. Cooperation between the two countries in the fields of culture, technology, justice and tourism continues to grow. To date, the two sides have signed 11 two-year cultural cooperation action plans. The Joint Committee on Scientific and Technological Cooperation held 13 meetings at which 244 research projects were confirmed. Agreement on the promotion of trade, investment and economic cooperation Agreements on cross-border crime and the drug agreement between the Government of the Republic of the Philippines and the Government of the People`s Republic of China on the previous pooling programme under the Framework Agreement on Global Economic Cooperation between the Association of Southeast Asian Nations and the People`s Republic of China. Signing in Manila, April 27, 2005. Memorandum of Understanding on the use of China`s $400 million preferential loan to the Philippines between the Exporting Bank of China and the Philippine Department of Finance. Signing in Manila, August 30, 2003. Prior to the 1970s, the Philippine government had close relations with Taiwan (Republic of China) ruled by the Kuomintang and saw China (People`s Republic of China) as a security threat.
 In the early 1970s, it began to normalize relations with China; The two countries began diplomatic relations on 9 June 1975 by signing the joint communiqué by the heads of state and government of the two countries.