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Saudi-Philippine Meeting Discusses Boosting Investment Opportunities, Relations

A Saudi-Philippine meeting was held in Riyadh in the presence of Philippines President Ferdinand Marcos Jr. and the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, along with distinguished officials from both countries.
A Saudi-Philippine meeting was held in Riyadh in the presence of Philippines President Ferdinand Marcos Jr. and the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, along with distinguished officials from both countries.
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Saudi-Philippine Meeting Discusses Boosting Investment Opportunities, Relations

A Saudi-Philippine meeting was held in Riyadh in the presence of Philippines President Ferdinand Marcos Jr. and the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, along with distinguished officials from both countries.
A Saudi-Philippine meeting was held in Riyadh in the presence of Philippines President Ferdinand Marcos Jr. and the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, along with distinguished officials from both countries.

A Saudi-Philippine meeting was held Thursday in Riyadh in the presence of Philippines President Ferdinand Marcos Jr. and the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, along with distinguished officials from both countries, major companies, and representatives from both the public and private sectors, said SPA.
Meeting participants discussed aspects of investment partnerships in areas such as energy, industry, Islamic financial services, and food security.
The meeting also explored ways to enhance relations between the two countries. It aimed to strengthen cooperation in the labor sector and utilize skilled Filipino workers in various sectors.
The meeting addressed investment opportunities and enhancing investment relations between the two countries, promoting efforts to develop economic and investment ties between the Kingdom of Saudi Arabia and the Philippines, fostering quality investments, and enabling the private sector to benefit from investment opportunities in both nations.
The meeting witnessed the signing of a memorandum of understanding in the private sector for human resources, aiming to provide skilled labor to meet the Saudi market's needs through global partnerships with leading companies in this sector.

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China to Cut Import Tariffs on Some Recycled Copper, Aluminium Raw Materials

People walk along a bridge in Beijing, China, 28 December 2024. EPA/JESSICA LEE
People walk along a bridge in Beijing, China, 28 December 2024. EPA/JESSICA LEE
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China to Cut Import Tariffs on Some Recycled Copper, Aluminium Raw Materials

People walk along a bridge in Beijing, China, 28 December 2024. EPA/JESSICA LEE
People walk along a bridge in Beijing, China, 28 December 2024. EPA/JESSICA LEE

China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday.
The Ministry of Finance announced adjustments to various import tariff categories, effective Jan. 1, aimed at increasing imports of high-quality products, expanding domestic demand and promoting high-level opening-up, Reuters quoted it as saying in a statement.
Provisional import tariffs below the most-favored-nation rates will be applied to 935 items, the ministry said. Import tariffs will be reduced on ethane and certain recycled copper and aluminium raw materials to advance green and low-carbon development.
Tariffs will rise on commodities including molasses and sugar-containing pre-mixed powders will increase but be reduced on items such as cyclic olefin polymers, ethylene-vinyl alcohol copolymers and automatic transmissions for special-purpose vehicles such as fire trucks and repair vehicles.
Import tariffs will also be reduced on items such as sodium zirconium cyclosilicate, viral vectors for CAR-T tumor therapy, and nickel-titanium alloy wires for surgical implants.
The China-Maldives Free Trade Agreement will come into effect on Jan. 1, with tariff reduction implementations, the ministry said.