29 February 2012

Belmonte, Wang discuss investments in Subic

MANILA - Representative Raymond Wang, of Taipei Economic and Cultural Office in the Philippines, met recently with House Speaker Feliciano Belmonte Jr. over Taiwan’s growing investment in Subic, Bataan and other localities.

They were joined by Reps. Victor Ortega, George Arnaiz, Rachel Del Mar and Mylene Garcia-Albano.

Wang briefed Belmonte on the $2.5 billion infused by Taiwanese locators in Subic and the inauguration of the new China Airlines charter flight between Taipei and Cebu on March 31.

He cited business projects in Carmona, Cavite and in neighboring Laguna province, underscoring his country’s pragmatic diplomacy and the major achievements in Cross Strait relations in recent years to push for the Economic Cooperation Agreement and Mutual Legal Assistance Agreement between Taiwan and the Philippines.

Wang, Belmonte and other House members exchanged views on strengthening bilateral relations between the two countries through cooperation projects and exchange visits by legislators. (Manila Standard Today)