Sofitel Philippine Plaza Hotel
18 November 2015
President Benigno S. Aquino expressed delight over the “robust logistics cooperation” between Korea and the Philippines when he met with Korean President Park Geun-Hye in a bilateral meeting ahead of the Asia-Pacific Economic Cooperation’s leaders’ session.
President Aquino said this is proven by the acquisition of various defense materials such as the FA-50 fighter jets.
The President also thanked President Park for the Patrol Combat Corvette, landing craft utility and 16 rubber boats that will help improve the capability and modernization of the Armed Forces of the Philippines (AFP).
Communications Secretary Sonny Coloma said that President Aquino encouraged firms from Korea to invest in several industries like shipbuilding, automotive manufacturing, food production, electronics, energy, banking and finance, infrastructure and other public-private partnership (PPP) projects.
The Korean government supports several infrastructure projects in the country including the Samar Pacific coastal road project that will be finished in 2018.
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