Canadian premier pledges more investments in PH
MANILA, Philippines – Visiting Canadian Prime Minister Stephen Harper said Saturday he saw the Philippines as “an emerging Asian tiger,” echoing the bullish outlook on the country painted by political and business leaders in various parts of the world.
From the current US$1.5 billion total trade between Canada and the Philippines, Harper pledged increased investments in the country when he met with President Benigno Aquino III in Malacañang before noon Saturday.
Speaking at a news conference, Harper did not cite specific amounts, but described the Philippines as an “important economic partner.”
Both he and Mr. Aquino witnessed the signing of a memorandum of understanding on “Government-to-Government Transactions in Defense and Military-related Equipment, Materials and System and/or Services.”
“This will help us in our efforts to build our defense and security capabilities,” said Mr. Aquino, welcoming Canada’s help in the modernization of Philippine armed forces.
Both leaders also pledged their nations’ commitment to defense and trade cooperation, and people-to-people exchanges between Manila and Ottawa during a tete-a-tete in the Palace.
Get Inquirer updates while on the go, add us on these apps:
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94