As we enter a new year, the administration of President Ferdinand Marcos, Jr. endeavored to write a new chapter in Philippine-China relations. MBOpinions READ:
As we enter a new year, the administration of President Ferdinand Marcos, Jr. endeavored to write a new chapter in Philippine-China relations. In his speech before embarking on a historic trip to Beijing, President Marcos laid out the fundamental objective of his visit: “I will be opening a new chapter in our comprehensive strategic cooperation with China.
The first thing that I was really impressed by was President Marcos’ assertion of our country’s sovereignty. He reported that during his talks with President Xi he expressed his administration’s intention to pursue an independent foreign policy. This was, of course, in line with the Constitutional mandate and an important statement to make at the onset.
During the meeting between the two leaders, Presidents Marcos and Xi agreed to “appropriately manage differences,” and “reaffirmed the importance of maintaining and promoting peace and stability in the region.” This is a clear and unambiguous statement from the Philippines and China that should set the right direction in our foreign relations. The South China Sea has long been a source of tension between the two countries and in fact in the region.
In addition to these accomplishments, the state visit of President Marcos, Jr. generated an estimated $22.8 billion worth of investment pledges which included $13.76 billion for renewable energy, $7.32 billion for electric vehicles and mineral processing, and $1.72 billion for agriculture.
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