Executive Intelligence Review


The Philippines Released Its Memorandum with China on Joining the Belt and Road

Nov. 26, 2018 (EIRNS)—The government of President Rodrigo Duterte today released the Memorandum of Understanding it signed last week with China to work together on the Belt and Road Initiative (BRI). Called the “Memorandum of Understanding Between the Government of the Republic of the Philippines and the Government of the People’s Republic of China on Cooperation on the Belt and Road Initiative,” the introduction is quite powerful and informative:

“Recognizing that the P.R.C. seeks to take its remarkable economic progress and development even further by offering to assist in the development of other countries, to help build stronger economies, and therefore more and richer markets for the commercial and cultural exchanges along the ancient Silk Road Route, which it hopes to enhance with its BRI, and

“Recognizing that the most sustainable growth of a country should not be at the expense of another, and that national progress is not a zero-sum game. Sustainable progress requires an understanding that only in a common prosperity lies the sustainable growth and prosperity of great nations.”