Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

German envoy says defense talks with PHL could conclude this year

by
October 16, 2024
in Top News
0
German envoy says defense talks with PHL could conclude this year
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter
REUTERS

THE PHILIPPINES and Germany are looking to sign a defense agreement outlining areas of security cooperation by the end of the year, according to Germany’s Ambassador to Manila.

On the sidelines of the German-Philippine Chamber of Commerce and Industry briefing on Tuesday, Ambassador Andreas Michael Pfaffernoschke said that the two parties are still negotiating the terms of the agreement.

“I think it’s a general agreement on how to work together on security issues in the future,” Mr. Pfaffernoschke told reporters late Tuesday.

“The real content is still subject to negotiation, but it will include training like it’s already done for the Philippine Armed Forces in Germany; it might include equipment; and it will include joint exercises and many more,” he added.

He described the agreement’s scope would not reach the level of a Visiting Forces Agreement (VFA).

“It’s a Security Cooperation Agreement. I don’t think there’s an interest, neither of Philippine troops to be stationed in Germany nor of German troops to be stationed in the Philippines in the future. So we do not aim for a VFA but for something lower,” he added.

He said there is a working draft for the agreement, subject to further negotiation.

“For this agreement, Defense Secretary Gilberto C. Teodoro, Jr. and my Defense Minister in principle had agreed to (conduct negotiations until) the end of this year,” he said.

“But you know, once you have agreed on a text, there are still the legal checking procedures in the ministries, and that might again take time. So, I’m still hopeful that we will get there by the end of the year,” he added.

Asked for his outlook on trade and investment between the two countries, he said it will depend on whether the Philippines undertakes measures that are attractive to foreign direct investment (FDI) and removes any obstacles.

“If so, then I have every reason to advertise for more FDI to come to the Philippines. But it also depends on the government, and it is hard to predict what will come out of that,” he said.

He said that German companies have continuing interest in the Philippine business process outsourcing, automotive, pharmaceutical, semiconductor, and logistics industries.

“But I could expect others, like insurance and banking companies, to also come to the Philippines,” he said.

“I think slowly but steadily (they will come in); we just have to continue advocating for the Philippines,” he added. — Justine Irish D. Tabile

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
S. Korea, US, Japan main focus of tourism efforts amid restrictions on visas for Chinese visitors

S. Korea, US, Japan main focus of tourism efforts amid restrictions on visas for Chinese visitors

Recommended

A full-circle moment for Lea Salonga

A full-circle moment for Lea Salonga

September 19, 2024
How to Optimise Business Costs using crypto loans?

How to Optimise Business Costs using crypto loans?

October 7, 2024
Charles Norfleet Shares Advice On Navigating the Future of Wealth Management

Charles Norfleet Shares Advice On Navigating the Future of Wealth Management

December 24, 2024
3 of 10 students drop out

3 of 10 students drop out

August 8, 2024
ECPay exec leads 50th Philippine Business Conference & Expo

ECPay exec leads 50th Philippine Business Conference & Expo

October 18, 2024
Bank of England may cut rates more aggressively as inflation eases, warns Andrew Bailey

Bank of England may cut rates more aggressively as inflation eases, warns Andrew Bailey

October 3, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    NevGold Mobilizes Drill To Test Historical Leach Pads To Advance The Near-Term Antimony Production Scenario at Limo Butte

    NevGold Mobilizes Drill To Test Historical Leach Pads To Advance The Near-Term Antimony Production Scenario at Limo Butte

    March 14, 2026
    Cartier Cuts 7.1 g/t Au over 8.0 m at Portal ; New Shallow High-Grade Gold Zone Discovered

    Cartier Cuts 7.1 g/t Au over 8.0 m at Portal ; New Shallow High-Grade Gold Zone Discovered

    March 14, 2026
    Crypto Market Update: Iran War Drives Oil Derivatives Boom on Crypto Exchange

    Crypto Market Update: Iran War Drives Oil Derivatives Boom on Crypto Exchange

    March 12, 2026
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • Home
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved