MANILA -- The Philippines and Qatar on Tuesday, April 10, signed a Memorandum of Understanding (MOU) for mutual benefit in the areas of tourism, legal and justice, agriculture and fishery, investments as well as the establishment of a joint business council between the Philippine Chamber of Commerce and Industry and the Qatari Chamber of Commerce and Industry.
President Benigno S. Aquino III and His Highness Sheikh Hamad Bin Kalifa Al-Thani, the Emir of Qatar witnessed the signing of the MOU in Malacanang.
In the area of tourism cooperation, the MOU is expected to create favorable conditions for long-term ties in the tourism industry. On the legal front, it will encourage sharing of experiences and best practices in their respective ministries of justice.
The agreement is also expected to foster agricultural and fisheries cooperation that will impact sectoral development and enhance agri-related trade and investments. Included in this field are crops technology, vegetable and fruit preservation, biotechnology, post harvest technology, livestock and fisheries, coastal and deep-sea fishing management, irrigation, water resources and halal industry.
Also, in the area of investment cooperation, the MOU would explore investment opportunities in the Philippines in various sectors including natural resources, commodities, energy, agriculture and infrastructure.
President Aquino meets with the Emir of the State of Qatar, His Highness Sheikh Hamad Bin Khalifa Al-Thani, at the Aguinaldo State Dining Room, Malacanang together with their respective delegation.