Philippine-Korea partnership

Trade Secretary Ramon Lopez (seated, left) signs a memorandum of understanding with Korea Trade, Industry and Energy Minister Ungyu Paik (right) to establish a mutually beneficial and strategic trade and economic partnership between the two countries through a Joint Commission for Trade and Economic Cooperation. The JCETC will cover cooperation on the areas of trade and investment, industry and industrial technology, especially automobile, mold and die. Witnessing the signing of the agreement are Philippine President Duterte and South Korean President Moon Jae-in.