The meeting held in Chongqing, China last Monday, was co-chaired by Philippine Foreign Affairs Secretary Teodoro Locsin Jr. and Chinese Foreign Minister Wang Yi.
“The Ministers called for intensified cooperation for economic recovery, encouraging the early implementation of the Regional Comprehensive Economic Partnership and benefiting from opportunities in the complementarity between ASEAN’s Master Plan on ASEAN Connectivity 2025 and China’s Belt and Road Initiative,” DFA noted.
The Philippine economy saw its worst recession since gross domestic product numbers were posted after the Second World War, with the GDP contracting by 9.5 percent.The COVID-19 pandemic originated from China’s Hubei province, particularly in the city of Wuhan.During the meeting, Myanmar’s situation was also discussed, reiterating the implementation of the five-point consensus that member-states made in the Asean Leaders’ Meeting last April 24.
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