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Philippines, Qatar sign MOUs on tourism, fisheries, investments

(Xinhua)

08:14, April 11, 2012

MANILA, April 10 (Xinhua) -- The Philippines and Qatar on Tuesday signed four bilateral agreements and one private sector agreement that would boost cooperation in the areas of investments, tourism, fisheries and the legal field.

Philippine President Benigno Aquino III and the Emir of Qatar, His Highness Sheikh Hamad bin Khalifa Al Thani, who arrived in Manila for a two-day state visit, witnessed the signing of the agreements at the Palace Reception Hall after their bilateral meeting.

The Department of Trade and Industry (DTI) and Qatar Holding Limited Liability Corporation signed an MOU on investment cooperation.

"This MOU would explore the investment opportunities in the Philippines in various sectors including natural resources, commodities, energy, agriculture, and infrastructure," Presidential Spokesman Edwin Lacierda said.

The MOU on tourism cooperation is expected to create "favorable conditions for long-term cooperation in tourism for the mutual benefit of the Philippines and Qatar," Lacierda said.

The MOU on agricultural and fisheries cooperation establishes the general framework for cooperation in the fields of agriculture and fisheries "for the purpose of fostering sectoral development and enhancing agri-related trade and investment," he added.

It is the first-ever visit of the Emir of Qatar to the Philippines, who was feted to a state dinner in his honor at Rizal Hall of Malacanang, the presidential palace.

The Emir will meet separately with Vice President Jejomar Binay and Speaker Feliciano Belmonte on Wednesday, before returning to Qatar.

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