Friday , December 6 2019
Breaking News
Home / International Customs / Philippines / Philippines, Russia ink 10 business agreements
Philippines, Russia ink 10 business agreements

Philippines, Russia ink 10 business agreements

MANILA – Representatives of President Rodrigo Duterte’s delegation to Moscow signed business agreements with their Russian counterparts on Friday.

Trade Secretary Mon Lopez said the signings were “the beginning of strengthening ties with Russian investors and market.”

Below are the signed agreements:

1. Memorandum of Understanding

Cooperation on information exchange and collaboration on business development aimed at the promotion of trade and investment between the Philippines and Russia, members of Russia-ASEAN Business Council, and Philippine companies

Signatories: Ramon Lopez, Secretary, Department of Trade and Industry; and Ivan Polyakov, Chairman, Russia-ASEAN Business Council

2. Memorandum of Intent

Exchange of information on investment environment and opportunities; attract and support foreign investments in both the Philippines and Russia; encourage interested local companies in setting up or expanding their businesses; and organize business missions, workshops, other bilateral investments promotion activities

Signatories: Ramon Lopez, Secretary, Department of Trade and Industry-Board of Investments; and Maxim Pazdnikov, Co-Chairman, Association of Industrial Parks of Russia

3. Memorandum of Intent

Intention to jointly explore the prospects of cooperation in the construction of nuclear power plants in the Philippines

Signatories: Alfonso Cusi, Secretary, Department of Energy; and Evgeny Pakermanov, Rusatom Overseas

4. Memorandum of Understanding

Century Pacific Food Inc. will supply tuna and sardine products to Magnit Food Retail Chain to serve the Russian market

Signatories: Gregory Francis H. Banzon, COO and EVP, Century Pacific Food Inc.; and Jan Gezinyus Dunning, Chairman, President and CEO, Magnit Food Retail Chain

5. Memorandum of Understanding

Century Pacific Food Inc. will supply tuna and sardine products to Dalimo to serve the Russian market

Signatories: Gregory Francis H. Banzon, COO and EVP, Century Pacific Food Inc.; and Igor Nikulin, General Director, Dalimo

6. Memorandum of Understanding

Century Pacific Food Inc. will supply tuna and sardine products to LLC Dalpromryba to serve the Russian market

Signatories: Gregory Francis H. Banzon, COO and EVP, Century Pacific Food Inc.; and Neuimin E.A., Commercial Director, LLC Dalpromyrba

7. Memorandum of Understanding

Century Pacific Agricultural Ventures Inc., will supply coconut milk products to Panasia Impex Co. Ltd. to serve the Russian market

Signatories: Gregory Francis H. Banzon, COO and EVP, Century Pacific Food Inc.; and Vyacheslav Kapitonov, Chairman, President and CEO, Panasia Impex Co. Ltd.

8. Distributorship Agreement

Appointment of Lifetruck International Inc. as the exclusive sole distributor for the distribution, promotion, and sale of Sturmanskie watches in the Philippines

Signatories: Joell Evasco, President, Lifetruck International Inc.; and Valentinas Volodko, President, VOLMAX GROUP LTD.