China and Philippines sign oil and gas exploration deal as Xi Jinping meets Rodrigo Duterte
- Xi describes visit as ‘milestone’ in relations, saying they will ‘continue to manage contentious issues and promote maritime consultation’
- Duterte says ‘there is deepening trust and confidence of government’
Beijing and Manila have agreed to a joint oil and gas exploration deal – one of 29 deals that were signed on Tuesday as Chinese President Xi Jinping began a two-day state visit to the Philippines.
The two nations also signed a memorandum of understanding to cooperate on Beijing’s vast trade and infrastructure strategy, the “Belt and Road Initiative”, and agreed to boost ties.
After meeting Philippine President Rodrigo Duterte for talks, Xi described the visit as a “milestone” in the countries’ relations. Xi is the first Chinese leader to visit Manila in 13 years.
The trip is widely seen as part of Beijing’s efforts to move closer to the Philippines – despite their long-running dispute over the South China Sea – by extending investment and aid to the United States ally.
“China and the Philippines have a lot of common interests in the South China Sea,” Xi said after the talks. “We will continue to manage contentious issues and promote maritime cooperation through friendly consultation.”