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MORE PLEDGES FROM CHINA AS NEW CHINESE COMMERCE MINISTER CALLS ON PRRD. Newly-appointed Chinese Minister for Commerce Zhong Shan and his delegation (left side) recently (7 March 2017) paid a courtesy call on Philippine President Rodrigo Duterte at the Malacanan, confirming Chinese Government’s assistance to the rehabilitation of the quake-stricken Surigao, as well as USD 1 billion-worth of purchase agreement of Philippine agricultural products to be signed upon the visit of a high-ranking Chinese official in the country next week. In the call, Department of Trade and Industry (DTI) Secretary Ramon Lopez (right side, with other PH government officials) accompanied his Chinese counterpart to also brief the President on the USD 10 billion-worth of potential private sector-led projects from China and the Yuan 100 million grant for the drug rehabilitation initiatives and security equipment. Twenty eight years after his last visit to the Philippines, Minister Zhong was back in the country for the convening of the 28th Philippines-China Joint Commission on Economic and Trade Cooperation (JCTEC). After a five-year hiatus, the JCETC reconvened as the official bilateral mechanism for discussion of trade, investments and economic cooperation. It was also a quick follow through of President Duterte’s State Visit to China in October 2016.

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