Business deals that the Philippines secured at a summit with Japan and the United States will not affect China's investments in the Philippines, President Ferdinand Marcos Jr. said on Friday.
The Philippine President also assured that the trilateral agreement his country has signed with Japan and the United States covers issues beyond security and defence, such as "economic assistance and partnership".
Marcos Jr. referred to the recent confirmation by the Chinese Embassy in Manila that his predecessor, Rodrigo Duterte, had reached a gentleman's agreement with Xi Jinping on the Ayungin Shoal (a disputed territory between China, the Philippines, Vietnam and Taiwan). The president claimed not to know what the agreement was about, but acknowledged that it existed and encouraged journalists to investigate.
Encounters have become more frequent in the past year as Beijing presses its claims and Manila refuses to halt fishing and resupply activities for Philippine military personnel at two contested shoals. Chin
ABS-CBN News
Run time: 04:56
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00:00.0
Hello, good afternoon.
00:13.6
China will continue whatever investments they choose to make.
00:21.1
This is separate from any proposed or potential Chinese investments in the Philippines.
00:31.3
How do I see how it will affect? I don't see that it will affect one way or the other.
00:42.9
The trilateral agreement is not something that is only out of convenience
00:50.0
or because of the law.
00:51.1
Because there is a new situation.
00:54.4
I really view it as a continuing evolution of our relationship with both countries,
01:05.1
with the U.S. and Japan.
01:09.4
This is evidenced by the fact that a large part of the agreement is on economic proposals
01:19.5
and economic assistance.
01:21.1
Assistance and partnership between the three countries.
01:25.6
Security and defense, of course, is there.
01:28.5
But that is not the main point of the trilateral agreement.
01:36.5
I think the trilateral agreement is extremely important.
01:43.4
It is going to change the dynamic.
01:51.1
The dynamic that we have been seeing in the region, in ASEAN, in Asia, around the South China Sea.
02:04.6
And I think, certainly I think for the better.
02:10.4
I think in the years to come, we will begin to see the wisdom of it.
02:16.7
We will start to see, even actually not even years.
02:21.1
But within the year, we will start to begin to see the wisdom of having the trilateral agreement
02:29.2
and why it is a good thing to enter into.
02:34.6
Sir, the Chinese embassy in Manila confirmed that a gentleman's agreement was reached
02:41.4
during the Duterte administration over the Ayungin Shoal and said that it was still followed
02:48.8
during the early days of your administration.
02:51.7
Your reaction to this?
02:53.8
And have you been briefed about this said gentleman's agreement?
02:58.5
The government or chancellor, would you be willing to sit down with him and go over things with him?
03:02.8
With the confirmation of the Chinese embassy, we now know that there was a secret agreement.
03:09.7
Now, this is the second question that I have is, what is contained in that secret agreement?
03:16.6
The Chinese administration shares a lot of similarities with that.
03:21.1
Whatever foreign policy we undertook vis-a-vis South China Sea, West Philippine Sea,
03:26.9
was just continuing our foreign policy of maintaining the peace and promoting the national interest.
03:35.2
The secret agreement, gentlemanly or otherwise, we were not informed about.
03:48.8
So, you should, can you please, I ask members of all our media,
03:56.8
can you go to the former officials in the Duterte administration and ask them,
04:04.4
who were the cabinet secretaries, who knows about this, what was the process that happened?
04:11.0
How confident are we that we would...
04:13.8
Yeah, so, yeah, go, go, talk to the former officials and see what they have.
04:18.8
I don't know what to say. I can't get a straight answer out of any of them.
04:25.1
Do you agree with former President Duterte's comment that along the way you will be political enemies
04:31.1
and you can remove that kind of situation?
04:34.4
That's his view. I don't consider him a political enemy.
04:37.9
Takes two to tango. I don't consider him a political enemy.
04:48.8
Yes, sir. Yes, sir.
04:50.1
You're a good man.
