They are expected to generate 82,737 jobs if followed through with actual investments, according to Lopez.Īmong the agreements signed was a Memorandum of Cooperation between the Philippine Department of Trade and Industry and Japan External Trade Organization, intended to expand cooperation on investment promotion activities between the two countries. Seven of the 26 agreements are deals with businesses or business-related entities while the remaining 19 are letters of intent in which Filipino and Japanese companies express their interest in investing in each other. ![]() It was attended by Filipino and Japanese businessmen, as well. The deals were read out by Trade Secretary Ramon Lopez during a business forum on Wednesday, May 29, at the Imperial Hotel in Tokyo where Duterte was the event’s guest of honor. President Rodrigo Duterte’s trip to Japan is proving to be productive as 26 agreements that could bring in P289-billion worth of investments were signed this week.
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