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The effects of a successful PBBM trip to Japan will be felt “rapidly”

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After his five-day working tour to Tokyo, President Ferdinand R. Marcos Jr. stated on Friday that the results of the series of business talks in Japan will be felt “quite fast.”

Considering the signing of 35 significant investment agreements between the Philippines and Japan, Marcos described his trip as “extremely productive.”

In an interview, Marcos stated, “And I think that we will be able to feel the impact of these negotiations, of these accords, very, very quickly, very rapidly back home in the Philippines.”

Because it “lays down the blueprint” for the two countries relations as they develop their recovery strategies from the coronavirus disease 2019 (Covid-19) pandemic, Marcos said his official visit to Japan is “especially essential.”

The 35 commercial agreements struck, according to him, “cut across the whole gamut.”

According to Marcos, “They have helped our agriculture and our efforts to make the digitization of the Philippines a more pervasive phenomenon.”

We’re talking about [agricultural], digitalization, industry, the expansion of the automobile industry, energy, even education [and] tourism,” he continued.

“Deeper” connections

In addition, Marcos thanked the Japanese officials and businessmen he met for being “extremely open” to aiding in “increasing the growth of our country.”

The sessions produced fruitful outcomes, according to Marcos, who also noted that a number of promises will benefit the Philippines in enhancing security and defense, as well as mitigating and adapting to climate change, among other things.

The commitments from the Japanese business community and government, according to Maros, are a sign of “deeper” connections between Manila and Tokyo.

We owe Japan a debt of gratitude for the help they have provided us in those years, even in the ’60s, ’70s, and all the way up to the present, when they have supported the development of our infrastructure, he continued. “Those relations have evolved and have been deeper as time has gone on.

Marcos explained, “[This is] in terms of again those areas: infrastructure, digitalization, agriculture, some of the traditional areas with which we had always dealt with Japan, but some new areas, areas such as security and defense, as well as mitigation and adaptation to the effects of climate change.

growth of companies

Marubeni Corp., a sizable conglomerate engaged in the integrated trading and investment sector, is one of the Japanese companies that aimed to increase the size of their activities in the Philippines.

In a meeting with Marcos in Tokyo on Friday, representatives of Marubeni, led by CEO Masumi Kakinoki, reaffirmed their partnership with the Philippines.

Kakinoki thanked Marcos for the “solid partnership” and said, “Now, in addition to the traditional generation system, we are very much committed to increasing renewable energy like mini-hydro, solar, and wind project and we are discussing with your country, our local partner to develop such kind of new facilities.”

The cooperation between the Philippines and the private company “extends beyond the corporate and government-to-government partnership,” according to Marcos, who also expressed gratitude to Marubeni.

He noted Marubeni’s “very, very high” profile in the Philippines and stated, “I think it’s a long-standing connection at a very personal level.

creating jobs

The Federation of Free Workers (FFW), however, hailed the billions of pesos in investment commitments from Japanese businesses.

The semiconductor and electronics industries, among others, will create thousands of jobs in the nation, according to FFW National Vice President Jun Ramirez.

In a statement over the weekend, he stated, “We are thrilled at the news, adding that the investments will create over 10,000 jobs for Filipinos, which is a big development that might help improve the country’s unemployment situation.”

According to reports, Marcos met with Japanese businesspeople who are interested in growing their operations in the Philippines and working in the semiconductor, electronics, and wiring harness industries.

According to Ramirez, Japanese companies have positive working conditions with dependable and strong unions acting as workers’ bargaining representatives.

While claiming that industry and agriculture are currently the most in need of investment due to their status as growing sectors.

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