Philippine President Rodrigo Duterte is asking for more Japanese investment to help his country grow. Duterte made the appeal to the chairman of the Japan Business Federation Sadayuki Sakakibara.
Duterte is visiting Japan for the first time since he took office in June this year.
Sakakibara said Japanese businesses will work with the Philippines to support the country’s economic growth.
He said they look forward to Duterte’s economic policies for promoting investment and trade.
Duterte said he aims to provide a better business environment. Meanwhile, trade ministers of the two countries have agreed to strengthen industrial cooperation.
Hiroshige Seko and his counterpart Ramon Lopez signed the agreement in Tokyo. The accord covers the automobile and service sectors. It also calls for nurturing business manpower.
Based on the agreement, Japan aims to help the Philippine government compile a new basic policy outlining new visions for developing Philippine industries.
Source and image: NHK