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Philippines, Russia ink 10 business agreements

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ABS-CBN News

<p>MANILA - Representatives of President Rodrigo Duterte&#x27;s delegation to Moscow signed business agreements with their Russian counterparts on Friday.</p><p>Trade Secretary Mon Lopez said the signings were “the beginning of strengthening ties with Russian investors and market.”</p><div><strong>Below are the signed agreements:</strong></div><div><strong>1. Memorandum of Understanding</strong></div><p>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</p><p>Signatories: Ramon Lopez, Secretary, Department of Trade and Industry; and Ivan Polyakov, Chairman, Russia-ASEAN Business Council</p><div><strong>2. Memorandum of Intent</strong></div><p>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</p><p>Signatories: Ramon Lopez, Secretary, Department of Trade and Industry-Board of Investments; and Maxim Pazdnikov, Co-Chairman, Association of Industrial Parks of Russia</p><div><strong>3. Memorandum of Intent</strong></div><p>Intention to jointly explore the prospects of cooperation in the construction of nuclear power plants in the Philippines</p><p>Signatories: Alfonso Cusi, Secretary, Department of Energy; and Evgeny Pakermanov, Rusatom Overseas</p><div><strong>4. Memorandum of Understanding</strong></div><p>Century Pacific Food Inc. will supply tuna and sardine products to Magnit Food Retail Chain to serve the Russian market</p><p>Signatories: Gregory Francis H. Banzon, COO and EVP, Century Pacific Food Inc.; and Jan Gezinyus Dunning, Chairman, President and CEO, Magnit Food Retail Chain</p><div><strong>5. Memorandum of Understanding</strong></div><p>Century Pacific Food Inc. will supply tuna and sardine products to Dalimo to serve the Russian market</p><p>Signatories: Gregory Francis H. Banzon, COO and EVP, Century Pacific Food Inc.; and Igor Nikulin, General Director, Dalimo</p><div><strong>6. Memorandum of Understanding</strong></div><p>Century Pacific Food Inc. will supply tuna and sardine products to LLC Dalpromryba to serve the Russian market</p><p>Signatories: Gregory Francis H. Banzon, COO and EVP, Century Pacific Food Inc.; and Neuimin E.A., Commercial Director, LLC Dalpromyrba</p><div><strong>7. Memorandum of Understanding</strong></div><p>Century Pacific Agricultural Ventures Inc., will supply coconut milk products to Panasia Impex Co. Ltd. to serve the Russian market</p><p>Signatories: Gregory Francis H. Banzon, COO and EVP, Century Pacific Food Inc.; and Vyacheslav Kapitonov, Chairman, President and CEO, Panasia Impex Co. Ltd.</p><div><strong>8. Distributorship Agreement</strong></div><p>Appointment of Lifetruck International Inc. as the exclusive sole distributor for the distribution, promotion, and sale of Sturmanskie watches in the Philippines</p><p>Signatories: Joell Evasco, President, Lifetruck International Inc.; and Valentinas Volodko, President, VOLMAX GROUP LTD.</p><div><strong>9. Distributorship Agreement</strong></div><p>Appointment of Lifetruck International Inc. as the exclusive sole distributor for the distribution, promotion, and sale of Kamaz vehicles in Philippines</p><p>Signatories: Joell Evasco, President, Lifetruck International Inc.; and Rafail V. Gafeev, General Director, KAMAZ FTC Inc.</p><div><strong>10. Memorandum of Agreement</strong></div><p>Promotion, distribution, and selling of IPP-NLS technologies, particularly Metatron Micro MRI Systems and its variations in the Philippines</p><p>Signatories: Dr. Antonio G. Calanoc, President and Medical Director, Immunitas Holistic Consultants Inc.; and Dr. Vera I. Nesterova, Director, Institute of Practical Psychophysics</p><div><strong>- Report from Pia Gutierrez, ABS-CBN News</strong></div>

<p>Trade Secretary Mon Lopez said the signings were "the beginning of strengthening ties with Russian investors and market."</p>

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