The Memorandum of understanding (MOU) is an outcome of the Presidential visit of President Duterte in 2018. The MOU seeks the establishment of a bilateral consultative mechanism that will develop and strengthen trade, enhance investments, and advance economic ties between the Philippines and Israel. In establishing a Joint Economic Commission (JEC), the two countries agree continue reading : Philippines, Israel enter into a Joint Economic Cooperation to strengthen trade and economic ties
By pushing to deepen economic partnerships with non-traditional trading partners like Israel, the Philippine (PH) government identified several business complementarities that resulted in investment pledges, business collaborations, and intentions during presidential visit last 2-5 September 2018. This strategy to continuously open investments and employment opportunities from non-traditional trading partners has resulted in securing USD 82.9 continue reading : PH strengthens economic relationship with Israel; secures USD 82.9 M-worth of investments