The Philippines and South Korea have signed a memorandum of understanding (MOU) aimed at bolstering the two countries’ partnership in agricultural mechanization.
The deal was signed during President Duterte’s second visit to South Korea last week, where he also forged agreements related to social security, tourism cooperation and education.
In a statement, the Department of Agriculture said the MOU sought to promote agricultural development of both countries by investing in mechanization and modernization.
These included technical collaboration on research and development, capacity enhancement and the establishment of agri-machinery manufacturing complex in the country.The Korea Agricultural Machinery (Kamico) has proposed to bring in about 30 agri-machinery companies to invest in farm equipment and manufacturing in the Philippines through DA.Manufacturing equipment such as tractors, rice transplanters, rice mills, tillers and plows, cultivators, greenhouses, agricultural product dryers and balers were some of the equipment that were discussed. INQ