Two agreements were signed on the purchase of Philippine bananas amounting to $4.51 million from Del Monte Fresh Produce and $ 6.27 million from Verde Horizon Agri-Ventures Corp.
Other agreements signed covered industry, agriculture, tourism, and real estate collaborations. According to business.mb.com.ph, the Philippines is keen on strengthening economic relations with one of China’s key provinces, Fujian.
Philippines and China relations improved under the administration of President Rodrigo Duterte. In 2017, China ranked as the PH’s top trading partner, fourth largest export market, and top import supplier. PH exports to China grew by 25.81 percent from $6.37 billion in 2016 to $8.02 billion in 2017.
