MANILA, Oct. 22 — The Philippines and China signed in Beijing on Oct. 20, an agreement that would provide Manila with a RMB100 million grant from Beijing to aid the Duterte administration in implementing projects to strengthen its war on illegal drugs and in law enforcement security cooperation between these two countries.
The pact, signed by Philippine Finance Secretary Carlos Dominguez III and Chinese Commerce Minister Gao Hucheng, was among the agreements forged between the two countries during President Rodrigo Duterte’s four-day state visit to China.
Dominguez and Gao signed the agreement in the presence of President Duterte and Chinese President Xi Jinping at the Great Hall of the People.
The Agreement on Economic and Technical Cooperation states that “in accordance with the needs of the Government of the Republic of the Philippines, the Government of the People’s Republic of China agrees to provide the Government of the Philippines with a grant of RMB Yuan 100,000,000 (one hundred million Renminbi Yuan), which shall be disbursed to implement the projects for anti-illegal drugs and law enforcement security cooperation.”
This amount is equivalent to al