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Phl signs key trade pact in HK

01 July 2018

The Philippines and Hong Kong have signed a Cooperation Agreement at the sidelines of the Belt and Road Summit organized by the Hong Kong Trade Development Council (HKTDC) at the Hong Kong Convention and Exhibition Centre.

The agreement is a comprehensive project through the PPP scheme, and includes the rehabilitation management of the Pasig River, metro rail system of the Makati Central Business District and economic development in the Laguna de Bay area.

The milestone was reached during the top-level Hong Kong-Shanghai business delegation visit to Manila last April, organized by HKTDC.

Undersecretary Grace Karen Singson of the Department of Finance and Consul General Antonio A. Morales witnessed the signing of the Cooperation Agreement.

In an interview, ConGen Morales said the summit is a platform that can be used to promote closer ties between the Philippines and Hong Kong.

Booths have been set up by at the venue by the Consulate and Bases Conversion and Development Authority (BCDA) to network and encourage foreigners to invest in the Philippines especially in infrastructure, manufacturing and tourism.
Consul General Morales (3rd left) with the Philippine delegation at the food expo.

A day earlier, on Jun 27, Morales also attended the opening of the First Belt and Road International Food Expo (BRIFE) at AsiaWorld Expo, along with Department of Agriculture Undersecretary Jose Gabriel M. La Vina.

The officials visited the booths of the Consulate and five Philippine companies.

The expo ran for three days, until Jun 29

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