These agreements represent the steady growth of bilateral trade between the Philippines and China. Today, China is one of the country`s largest trading partners, with an export value of $944.23 million in August 2019. In addition, with 23.1% of total imports in August 2019, it also brings the highest value of imported goods into the country. China is also one of the country`s largest investors with investments of $980 million in 2018. 7. MOA between the Philippine China Fisheries Consortium Inc and Xunshan Fishery Co. Ltd. on the breeding and cultivation of groupers and other high-quality species; 2) require that all agreements concerning farmers, fishermen and other sectors of society be fully disclosed. Joint Declaration of Intent for Mining Cooperation between the Ministry of Trade and Industry (DTI) and the Chinese Ministry of Commerce (MOFCOM). Signing, January 18, 2005.

Both sides are willing to expand and coordinate the bilateral trade and local currency investment regime to actively promote regional financial cooperation, which includes the multilateralization of the Chiang Mai Initiative (CMIM) and bilateral swap agreements (BSA). China welcomes the interest of Bangko Sentral ng Pilipinas (BSP) in participating in the Chinese interbank bond market. 33. Both sides encourage universities in both countries to promote meaningful exchanges in the field of research and innovation and to strengthen academic exchanges and the model of communication and cooperation between academia and research and industry. China is expressing its willingness to increase the award of Chinese government scholarships to the Philippines in the fields of science, technology, engineering and mathematics. 3. Let us require extensive consultations with the various sectors before the government enters into other investment, trade and cooperation agreements. 5) Memorandum on Cooperation in the Safety of Industrial Products – This agreement aims to facilitate and promote bilateral trade by removing unjustified technical barriers to trade and improving the exchange of information, in particular technical rules and standards for industrial products between the two countries.

It will ensure that imported and exported products from both countries meet safety, health and environmental protection requirements and that measures to combat fraudulent practices and technical barriers are minimized. Bilateral swap agreement between Bangko Sentral Pilipinas and the People`s Bank of China. Signing in Manila, August 30, 2003. Letter of intent between Philippine National Oil CO. Exploration Corp. and china National Offshore Oil Corp. (CNOOC). November 10, 2003. 45.

Both sides reaffirm the respect for sovereign equality, non-interference and non-interference enshrined in the Charter of the United Nations and reaffirm their common commitment to the protection and promotion of human rights through dialogue and cooperation, in the light of the fundamental human rights instruments to which both countries are parties.

 

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