China is going to loosen controls on Philippines economic sanctions
- Author:Rita
- Source:Sunny Worldwide
- Release Date:2016-10-31
Sunny Worldwide Logistics according to the financial times report said that President Philippines Rodrigo Duterte visits Beijing this week, promising Manila would be away from the United States, based on which China relaxes its economic sanctions against Philippines and increases investment to it.
During the visiting, the two countries between China and Philippine have signed 13 economic agreements. Secretary of Commerce of the Philippines Ramon Lopez said the agreement included a number of worth 13.5 billion dollars in trade and investment deals.
China's Foreign Ministry announced the cancellation of another 27 Philippine fruit growers export to China's restrictions. Besides, China also has cancelled the warnings to Philippine tourists.
China Eastern Airlines announced that it will begin the flights from Guangzhou to Philippine Laoag next month.
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