The Philippines committed to forge closer economic and bilateral ties with Indonesia as the two countries are deepening collaboration on boosting the copper industry.
The Board of Investments said it held an online copper industry dialog with the Investment Coordinating Board of Indonesia, along with other government agencies and stakeholders on Jan. 14.
It said the dialogue was conceptualized and proposed during the 8th meeting of the Philippines-Indonesia Joint Working Group on Trade, Investments, Handicrafts, and Shipping which was virtually conducted on Aug. 11, 2020.
It is also a follow-up initiative of the Philippine side after presenting economic proposals/areas for collaboration in the copper industry during the 7th meeting of the PH-ID JWG-TIHS on Aug. 26, 2019 in Jakarta, Indonesia.
“This serves as a venue for both countries to exchange information, share good practices, and present investment opportunities and areas for collaboration in the sector, among others. The dialogue serves as a benchmark for future initiatives and collaborations between the Philippines and Indonesia in different sectors,” said Trade Undersecretary and BOI managing head Ceferino Rodolfo.