Philippine and Russian firms on Thursday, October 4, signed 10 trade and investment agreements valued at $12.6 million during President Rodrigo Duterte's visit to Moscow.
Department of Trade and Industry Secretary Ramon Lopez noted that the signing of five memoranda of understanding (MOUs), a memorandum of agreement (MOA), two distributorship agreements, and two memoranda of intent (MOIs) marks the "beginning of strengthening ties with Russian investors and market."
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