MANILA, Philippines - The Philippines and China reconvened yesterday their Joint Commission on Economic and Trade Cooperation (JCETC) after a five-year hiatus brought about by the territorial disputes in the West Philippine Sea, with the two nations forging various agreements that seek to strengthen and deepen their economic and trade relations. “The Philippines and Chinese economies are strongly complementary to each other. The two countries have a very strong potential to be tapped to further promote our trade growth,” Zhong said yesterday through an interpreter. “China has 1.3 billion consumers and that is enormously big market and this market is open to products and services of the Philippines. Apart from trade, the government of China also encourages Chinese firms to come to the Philippines and make investments here,” he added.

Source: Philippine Star March 07, 2017 17:38 UTC