According to China's Ambassador to the Philippines Huang Xilian, the China-Philippines agricultural cooperation has benefited millions of people from both countries. China has become the third-largest export destination of Philippine agricultural products and the second-largest import source of farm products of the Philippines, said Huang.
Philippine bananas have accounted for more than half of the market share in China, fresh Philippine coconuts have entered the Chinese market for the first time and the island nation also has become the first Asian country to export avocado to China.
Huang said that the signing of an action plan on agricultural cooperation in 2016 marked a new phase of agricultural cooperation between the two countries. "Our government-to-government projects have yielded fruitful results, and our agricultural trade and investment have grown steadily and rapidly in recent years."
"China remains the second-largest source of foreign investment of the Philippines, with its investment in agriculture continuing to grow impressively," Huang added.