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Philippines and Germany sign a letter of intent that will become ‘the new basis for maritime transport relations’.


“I am convinced that we can now have a new start. That we can build on a very solid and good foundation. And you can see by the size of the delegation that I have brought with me that we are very willing to promote economic ties with the Philippines,” German State Secretary of the Ministry of Transport and Digital Infrastructure Michael Odenwald told Transportation Secretary Arthur Tugade during the signing.

The LOI aims to further strengthen the existing friendly ties between the Philippines and Germany in the field of maritime transport, through the expansion of activities to promote cooperation.

“[This Letter of Intent] will firm the maritime relationship between the Republic of Germany and the Philippines. This document has been pending for a number of years and after that, lo and behold after barely three months we will sign the letter of intent,” Tugade said.

The German Chamber of Commerce in the Philippines released a study in 2016 stating that the maritime industry in the country is a major economic driver and provides a number of job and investment opportunities, especially in the construction sector.

Tugade assured the German delegates that businessmen who plan to invest in the country will have a level-playing field that is free from corruption.

“Mr. Minister, the Republic of the Philippines is opening its doors for business. If there is one thing that I can assure you in opening its doors for business is that there shall be no corruption. Corruption will be an intolerable, unforgivable issue when it comes to business relationships between our country and overseas,” Tugade said.

Odenwald meanwhile also expressed interest in assisting the Philippines in other transport areas.

 

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