President Duterte has stressed that reaching a settlement with China despite the arbitral tribunal ruling on the South China Sea issue favoring the Philippines will bring more economic benefits for the country, including bigger trade.
“If we can just have a settlement with them despite the arbitral (court’s) judgment, I think that marami tayong benefits na makukuha (we’ll get more benefits),” Duterte said in his remarks during a visit to a 6-megawatt biomass power plant project in Buluan, Maguindanao, last Friday.
Once a settlement is reached, Duterte revealed plans to establish industrial zones throughout the country, with market locators from China.
“That they …read more
Source: Malaya Business Insight
