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China to buy $1 billion in crops from Philippines

Staff Writer |
China is set to sign an agreement to buy $1 billion worth of agricultural crops from the Philippines starting this year, Trade Secretary Ramon Lopez said.

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China expressed interest to import durian, avocado, banana, pineapple, coconut, mango, dragon fruit, mangosteen, marang, cacao among others.

Lopez said the agreement would be signed mid-March in time for the state visit of China Vice Premier Wang Yang.

“I believe they are interested to buy most of our agricultural products. It might as well be the entire tariff line,” Lopez said, adding that the agreement was a part of the Joint Commission on Economic and Trade Cooperation signed by the two countries in Manila Tuesday.

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