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Canadian premier pledges more investments in PH

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Visiting Canadian Prime Minister Stephen Harper gestures during a joint news conference with Philippine President Benigno Aquino III, unseen, Saturday, Nov. 10, 2012 at Malacanang Palace grounds in Manila, Philippines. It was the first visit by a Canadian head of state in 15 years which was aimed at strengthening relations between the two countries. Canada is home to hundreds of thousands of Filipino immigrants. AP

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.


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Tags: Canada , Foreign Affairs , Foreign Dignitaries , Investment , News

  • branlem

    this is a very good thing happening.  countries are now looking at our situation as an ideal environment for progress..they are correct in their assessment..transparency (walang under the table), accountability (walang turuan), participatory, responsive and equitable…those are the traits that will push our progress to steroidal levels.   

  • justice_league03

    this is good news. but you cant help to wonder where all the investments actually go. there are quite a few countries willing to invest in the Phils but yet our situation has not changed. if anything, it got even worse.

    • http://pulse.yahoo.com/_JEMNLLYAP5EA7SM3A6QUOGV62Q Chris

      really?

  • macmacus

    di talaga nawawala ang mga negative people sa mga ganitong usapin eh no. tinatanong kung umuunlad ang Pinas di pa ba napapansin? Walang high official ng France ang pumunta sa Pinas dati ngayon lng then no Canada. this are positive thinga that is happening in our country and yet you still question aeverything. is china a good friend? maybe but currently may problema tayo sa kanila so we need to look for other countries while talking with the chinese for the west philippine sea issue. di naman pwedeng sabihin sa china “o sige sa inyo na yan” para lng bumalik ang dating samahan.

  • dprotector

    Maybe Noynoy could ask Harper to accept more immigrants in the oil rich Alberta. They need more workers there.

  • opinyonlangpo

    This is more like a military alliance and assistance in the guise of enhancing trade and investment. The chinese are not bunch of stupes, they know this whatever cover up is done so its better to say it up front.

  • Albert Einstien

    now we will be harvesting DEUTERIUM……………!



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