Department of Trade
and Industry Secretary Ramon Lopez said that the Philippines was able to sign
$60.68M worth of deals , including some memorandums of agreement and letters of
intent in the Hashemite Kingdom of Jordan.
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| PRESIDENT Rodrigo R. Duterte and King Abdullah II of Jordan (photo credit to owner) |
All of those are
expected to yield economic cooperation between both countries in the areas of logistics,
mobile-related service solutions, robotics, and information and communications
technology.
“This visit is a
milestone for both countries, especially in the areas of trade and investments.
It is paving the way to attract investments from a non-traditional partner and
encourage more businesses from both countries to explore economic
opportunities,” Lopez said.
Worth to note is
intention of the Nafith International from Jordan, a logisitcs planning and
operations provider. Lopez said that the Jordanian firm eyes to relocate its
regional office to the Philippines, it will invest some $50M.
Another Jordanina
firm, Universal Labs Ltd. also signifies its intention to put up a
manufacturing facility for Dead Sea products in the country to be exported in
the Asian region.
“We would like to
keep the momentum and hype up the interest level of companies to engage and
join our growth story. We look forward to this expanded relationship with
Jordan that will result in deeper cooperation not only in trade but also on the
exchange of best practices on new technologies and business process
management,” Lopez said.
Prior to going to
Jordan, the Philippine delegation was also able to sign $82.9M worth of
business agreements with Israel.
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Report from PNA
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