The Philippines recently held discussions with India to forge closer cooperation and strengthen the two countries’ trade and investment relations.
At the 12th Meeting of the Joint Working Group on Trade and Investments (JWGTI) held in New Delhi, India, Philippine Board of Investments (BOI) Governor Lucita P. Reyes discussed areas of cooperation including bilateral cooperation initiatives and issues involving trade, investments, and improved market access for both countries.
Reyes led an 11-strong delegation from Manila that included representatives from the Philippine International Trading Corporation (PTIC), variousgovernment agencies such as the Department of Trade and Industry (DTI),and the Philippine Embassy in New Delhi. Meanwhile, Mr. Ravi Capoor, Joint Secretary of the Department of Commerce of India led a twenty-member delegation of officials representing different officers of the Ministry of Commerce and Industry.
The meeting identified areas of cooperation in coconut(production, processing and commercialization), rice, customs, Science and Technology, Information Communication Technology (ICT), pharmaceuticals, micro, small, and medium enterprises (MSME) development, and higher education. Both countries also pledged to jointly develop a mechanism for sharing statistical data and to fast-track the development, signing, and implementation ofpending Memoranda of Understanding between the Philippines and India.Continue reading