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Binay to promote more trading between Philippines, India


Vice President Jejomar Binay. FILE PHOTO

MANILA, Philippines — Vice President Jejomar Binay is set to meet with business leaders in New Delhi this week to generate greater Indian investor interest in the Philippines.

Binay will represent the Philippines in behalf of President Aquino at the Asean-India Commemorative Summit between member-nations of the Association of the Southeast Asian Nations and their Asian neighbor.

“This summit will gather government and business leaders from India and the Southeast Asian countries. I am optimistic this will be instrumental in realizing our shared vision of attaining lasting peace and equitable progress,” Binay said in a statement.

The summit commemorates 20 years of relations between Asean and India and is expected to culminate in the adoption of the Asean-India Vision Statement 2020, which would “chart the future direction” of such relations in the coming years, according to a statement from Binay’s office.

While in New Delhi, Binay will keynote the Asean-India Business Fair and Forum.

Binay will also meet with the Filipino community in the Indian capital.

Bilateral trade between the Philippines and India reached $1.06 billion (roughly P40 billion) in 2011, with Indian interests in Philippine mining, information and communication technology and BPO industries.

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Tags: Asean-India Commemorative Summit , Association of the Southeast Asian Nations , Diplomacy , Foreign affairs , foreign direct investments , Global Nation , India , International relations , International Trade , Philippines

  • http://twitter.com/wetwidewild wetwidewild

    PH current govt lost vision and focus.

    China and PH trade is over $30 billion in 2011, 30 times more than PH and India.
    China and PH have shared culture, shared blood, shared history, shared economy and shared market.

    PH abandoned all those shared advantages, spend more time, more money, to look for less opportunities.

    too bad, Philippines and PH business have to shared the loss, because the stupidity of the juvenile govt.

    • kanoy

       Just a guess but i doubt things would have changed if China had not changed from cooperative business partner to aggressive squatter….when friend becomes foe things tend to change regardless of history

  • http://pulse.yahoo.com/_TIVN4C2Q5DOBDD7HJMNU7RZBD4 Eagle from Davao

    This is a good move.Let us not just put our eggs in one basket . China is a good market if we don’t have any territorial issues with them. India is a big market for our products ,as big as China.
    This way our economy will not be dependent with China alone.

    • kanoy

       Do you honestly think so? if you do then this question should be a breeze for you…answer this>>generate greater Indian investor interest in the Philippines>>IN WHAT? SEEING THAT OUR GREATEST ASSET/COMMODITY ARE OUR OFW,,,,,WHAT THEN IS HERE BEHIND OUR 60/40 RULE INDIA SEES AS A MONEY MAKER?

  • http://profile.yahoo.com/UF2UYC3ZUDFD5CLX4LZRSEHQYM turko

    maybe noble naman ang motive sa pag open ng trading relations between countries, pero naman, por dyos por santo, dapat maglagay naman ng measures para mapangalagaan ang kapakanan ng mga pinoy in terms of human rights violations. kadalasan, para lang makapasok ang pera sa bansa e mga mangmang na pinoy ang nasasakripisyo sa maliit na sweldo, abuse ng employer, unfair labor practice atbp. di naman kelangan na tayo lagi ang panalo, pero dapat hindi naman tayo magiging kawawa at parang namamalimos.  kung ako ang tatanungin, ayaw ko ng chinese, arabs and indians.  mas ok na yung ibang south east asian countries, european and american for me.

  • joboni96

    redirect to india
    the trade with intsik switik

    democratic india
    non-aligned leader india
    socially minded india

    india can be our strategic rear
    in the struggle defending from
    imperialist u.s.
    hegemonist intsik switik sea/island grabber

    marami ring indians dito

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