{"id":190232,"date":"2018-11-18T22:02:46","date_gmt":"2018-11-19T03:02:46","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=190232"},"modified":"2018-11-18T22:02:46","modified_gmt":"2018-11-19T03:02:46","slug":"ph-papua-new-guinea-to-launch-joint-eco-trade-committee","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/11\/18\/ph-papua-new-guinea-to-launch-joint-eco-trade-committee\/","title":{"rendered":"PH, Papua New Guinea to launch joint eco, trade committee"},"content":{"rendered":"
\"\"<\/a>
FILE: Trade and Industry Secretary Ramon Lopez announces during a press briefing at the International Media Center (IMC) in New Delhi, India on January 25, 2018 that the Philippines and India has entered into nine agreements that aim to expand and strengthen the trade and investment relationship of both countries. YANCY LIM\/PRESIDENTIAL PHOTO<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— The trade departments of the Philippines and Papua New Guinea will establish a Joint Economic and Trade Committee (JETC) following the signing of a Memorandum of Understanding (MOU) on the sidelines of the Asia Pacific Economic Cooperation (APEC) Summit.<\/p>\n

Department of Trade and Industry (DTI) Secretary Ramon Lopez said his office inked the MOU with Papua New Guinea\u2019s Ministry of Foreign Affairs on Saturday to set up the JETC that will enhance the economic relations of the two countries.<\/p>\n

Lopez said the agreement targets to explore and identify sectors where both parties can intensify cooperation.<\/p>\n

\u201c[We will] identify possible cooperative projects and draft proposals for implementation,\u201d he added.<\/p>\n

DTI and Papua New Guinea National Trade Office also agreed to exchange information on trade, investment, economic issues and concerns, relevant laws, regulations and policies to study how the two governments can improve ties in the economic front.<\/p>\n

\u201c[We will] recommend to respective governments measures aimed at the expansion and diversification of trade, investments, and other related matters,\u201d the trade chief said.<\/p>\n

Trade officials from the Philippines and Papua New Guinea vowed to organize consultations and official visits to deal with specific economic and trade issues between the two countries.<\/p>\n

\u201c[We will] ensure proper coordination and expeditious implementation of arrangements concluded under this MOU,\u201d Lopez said.<\/p>\n

During the meeting of APEC Ministers Responsible for Trade last May, Lopez said expanding the country\u2019s trade relations with Papua New Guinea will be one of the country\u2019s top agenda in the forum\u2019s summit this year.<\/p>\n

He cited that the two governments can jointly venture in activities in agriculture as well as oil and gas exploration, while increasing Philippine exports of processed good, electronics, machineries and equipment, packaging materials, and appliances to Papua New Guinea.<\/p>\n

Meanwhile, the APEC Summit 2018 concluded Sunday in Port Moresby as Papua New Guinea hosted this year\u2019s summit.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— The trade departments of the Philippines and Papua New Guinea will establish a Joint Economic and Trade Committee (JETC) …<\/p>\n","protected":false},"author":33,"featured_media":177630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-190232","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/190232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=190232"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/190232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/177630"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=190232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=190232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=190232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}