Sunday, September 27, 2020

SoKor, PH To Sign Expanded Free Trade Agreement Next Month

SoKor, PH To Sign Expanded Free Trade Agreement Next Month

Spotlight

7 Commandments To Revitalize The Country Safely

Medical experts recommend strict health protocols for public transportation.

Alibaba Cloud Launches New Digital Ecosystem Strategy In The Philippines

This will help local businesses adapt further to the new normal!

EDC Donates PCR Machines To Enhance Negros Oriental’s COVID-19 Resiliency

Energy Development Corporation donates equipment worth P8.5-million to Negros Oriental.

CeMAP, PISI Express Full Support For Bayanihan To Recover As One Act

The Cement Manufacturers Association of the Philippines and Philippine Iron and Steel Institute announce full support to the recently signed Bayanihan to Recover as One Act.

South Korea & the Philippines are expected to sign next month an expanded free trade agreement to further boost the two countries flourishing commercial trading, according to South Korean Ambassador Han Dong-man.

Han made the disclosure to diplomats attending the Korea National Foundation Day Celebration and Armed Forces Day at the Makati Shangri-La.

He said in 2018, trade volume between South Korea and the Philippines reached USD15.6 billion, an increase of 9.3 percent compared to the previous year.

“To expand our trade relations, negotiators from Korea and the Philippines are working hard to reach a deal on a free trade agreement between our two countries,” Han said.

“We are now approaching the conclusion of the bilateral trade agreement, which is poised to be signed by the end of November,” he added.

Han cited the outstanding leadership of Trade Secretary Ramon Lopez for the expanding trade relations between South Korea and the Philippines.

“I am confident that this bilateral deal will further enhance our business ties and benefit both economies,” he said.

With regards to “people-to-people exchange, South Korea is the Philippine’ largest source of foreign tourist visitors,” he said.

In 2018, some 1.6 million Koreans visited the Philippines and Han said he made a promise to President Rodrigo Duterte to bring up the number to two million per year during his term.

Han said he always asks Korean businessmen “whenever I meet them, invest, invest, invest in the Philippines in accordance with President Duterte’s Build, Build, Build program.”

On the other hand, many Filipinos are also visiting Korea as Korean entertainers such as K-pop. Korean food and K-cosmetics are well-known all over the Philippines. (PNA)

Latest News

7 Helpful Apps For Your Online Classes

Make your online classes easier to deal with with these apps!

PLDT Assures Stable Internet Connection During Maintenance Works

PLDT assures its users that their connection would be stable during its emergency maintenance works.

Taguig Inaugurates COVID-19 ‘Mega-Complex’ Facility

Taguig City inaugurates its COVID-19 mega-complex facility which will host the new city-run Molecular Laboratory, the Lakeshore Mega-quarantine facility, and the Lakeshore National Testing Facility.

Palace Believes AFP Not Involved In Fake FB Accounts

Malacañang believes that none of the fake accounts taken down by Facebook are accounts managed by the Armed Forces of the Philippines.

CA Junks Suit Filed By Customs Exec Accused Of Corruption

The Court of Appeals dismisses for lack of merit a petition filed by Bureau of Customs official Teodoro Jumamil questioning his suspension by the Office of the Ombudsman.

PH Displays ‘Int’l Leadership’ For Call To Address Climate Change

The Institute for Climate and Sustainable Cities, an international climate and energy policy group based in the Philippines, lauds the Philippine government for its display of "international leadership" at the 75th United Nations General Assembly.

Mobile Legends: Unveils New Trailer, New Hero Updates and Improved Gaming Experience

Expect a more immersive experience with the new era of Mobile Legends: Bang Bang!

San Juan Aids Hearing-Impaired Man Return Home

A locally stranded person with disability receive assistance from San Juan City.

Group: Bulacan Airport Biggest ‘Ray Of Hope’ For Migrant Workers

Groups of migrant workers laud the plan of San Miguel Corporation to construct an international airport in Bulacan saying it as a potential source of employment and livelihood opportunities for displaced local and overseas workers displaced.