3 RP-China Pacts Signed; Li Peng Ends Visit Today; $24.9-M Loan to Help Aggie Modernization plan.(Main News)

Manila Bulletin, September 14, 2002 | Go to article overview

3 RP-China Pacts Signed; Li Peng Ends Visit Today; $24.9-M Loan to Help Aggie Modernization plan.(Main News)


Byline: GENALYN D. KABILING

President Gloria Macapagal Arroyo and Chinese legislature Chairman Li Peng witnessed yesterday the signing of three agreements on economic cooperation in agriculture, fisheries, and infrastructure.

Li Peng, chairman of China's National People's Congress, will end his four-day visit to Manila today. He is flying next to Australia.

Topping the RP-China accords is one for a $24.9-million loan from the Chinese government for the General Santos City Fish Port Expansion Project.

Press Secretary Ignacio Bunye said the loan is part of a $100million package from China negotiated by President Arroyo during her visit to China last year. The package will help modernize Philippine agriculture and fisheries as well as develop better rice seeds.

An agreement was also signed between the North Railways Corp. and China National Machinery and Equipment Corp. for a feasibility study on the construction of a railway that will connect Metro Manila to La Union.

The Chinese government likewise donated 55 sets of water pumps to the Philippine government.

Bunye said the donation was a belated birthday gift to President Arroyo from the Chinese legislature.

During their 20minute closed door meeting, the President assured Li Peng the speedy and fair trial of the 122 Chinese fishermen facing charges of illegal entry and illegal fishing in Philippine waters.

Bunye said the arrested Chinese fishermen will go through the regular process of the law before they are deported back to their country of origin. …

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