By Ma. Teresa Montemayor/Philippine News Agency
MANILA — Former president Gloria Macapagal-Arroyo said Friday that China’s Belt and Road Initiative (BRI) coincides with President Rodrigo R. Duterte’s “Build, Build, Build (BBB)” program.
In her speech at The Belt and Road China-Philippines Forum in Pasay City, Arroyo explained that the initiative suits BBB projects, noting that “the Philippines is geographically located at the 21st century maritime silk road.”
“These (projects) will open up more opportunities not only for investment but also the flow of trade. The main thing to focus now is on the implementation side,” she said.
Citing that China has proven to be a partner for development, Arroyo said the Philippine government appreciates the increase in capital and technological resources it provides.
“Recognizing that other Asian countries are small developing countries, China has provided financing platforms promoting infrastructures, resources development, and financial and industrial cooperations,” she added.
The former House of Representatives Speaker noted that the BRI forums, which aim to promote people-to-people exchange, will further strengthen the country’s ties with China.
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