Olongapo SubicBay BatangGapo Newscenter

Friday, July 25, 2008

SBMA signs pact with China

By. Jess Antiporda - PEOPLE JOURNAL

IN a bid to establish mutually-beneficial relations with major economic growth centers in the Asia-Pacific region, the Subic Bay Metropolitan Authority recently signed a sister-port agreement with Guangxi, considered to be China’s gateway to the ASEAN countries.

SBMA chairman Feliciano Salonga signed the agreement with Ye Shi Xiang, chair of the Guangxi Beibu Gulf International Port (Group) Co., Ltd. The company administers three major ports in the Guangxi Zhang Autonomous Region, and is now undertaking projects for a marine terminal and a logistics base.

Salonga said Ye also agreed to attend this year’s conference of the International Network of Affiliated Ports (INAP) to be hosted by the SBMA on October 28 and 29 at the Subic Bay Exhibition and Convention Center here.

The SBMA head said the sister-port agreement between Subic and Guangxi will pave the way for stronger economic ties with China.

In the case of Guangxi, the demand for mineral products like iron ore and nickel “could be the basic platform to jumpstart the volume of shipment between the two ports,” he said.

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