XXXV, No 18, 25/09/2017

Philippines – military agrees to serious increase in countertrade volumes

The Philippines International Trading Corporation (PITC) has signed a Memorandum of Agreement that it predicts will have “a huge effect” on countertrade volumes. PITC head Dave Miranda Almarinez won the backing of President Duterte by convincing him that the Philippines also needs to begin establishing a domestic defence industry.

 

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