Philippines, Japan agree to boost economic, security cooperation
President of the Philippines Ferdinand Marcos Jr. and Japanese Prime Minister Fumio Kishida agreed to strengthen economic and security cooperation between the two countries.
Japanese Prime Minister Fumio Kishida (right) and Philippine President Ferdinand Marcos Jr. shake hands ahead of their talks at the Japanese premier's office in Tokyo on Feb. 9, 2023. (Photo: Kyodo)
Tokyo (VNA) – President of the Philippines FerdinandMarcos Jr. and Japanese Prime Minister Fumio Kishida agreed to strengtheneconomic and security cooperation between the two countries.
Marcosis on a five-day official visit to Japan.
At their talks in Tokyo on February 9, Kishida pledged toprovide a support package worth 600 billion JPY (4.6 billion USD) for thePhilippines in 2023 and from Japan's public and private sectors.
Accordingto the Japanese Foreign Ministry, Japan will offer around 377 billion JPY inofficial development assistance (ODA) for commuter railway projects thatconnect Manila with its neighbouring cities of the Philippines, Japan's ForeignMinistry said.
Othereconomic cooperation programmes range from agriculture and telecommunicationsto energy security, the ministry added.
🐎 Kishidaand Marcos also welcomed their agreement on guidelines to smooth humanitariansupport and disaster relief operations by Japan's Self-Defence Forces in theSoutheast Asian nation./.
The Government of Japan has provided the Philippines’ military with its Self-Defence Force’s rescue system, worth about 120 million JPY (over 1 million USD), via Official Development Assistance (ODA).
Senior officials of Japan had separate phone talks with the Philippine and Australian sides on May 19 to discuss issues in bilateral ties and regional security.
Japan and the Philippines plan to hold their first ministerial security talks online later this month, aiming to bolster cooperation in regional security, especially maritime issues.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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Japanese Prime Minister Fumio Kishida (right) and Philippine President Ferdinand Marcos Jr. shake hands ahead of their talks at the Japanese premier's office in Tokyo on Feb. 9, 2023. (Photo: Kyodo) 
