• About Us
  • Contact Us
  • Privacy Policy
  • Free Subscription
  • March 22, 2023

Update Philippines

Updating Filipinos Online

  • Home
  • Nation
  • World
  • Entertainment
  • Food and Travel
  • Economy
  • Technology
You are here: Home / Economy / EU agrees to modify future financial agreements with PH

EU agrees to modify future financial agreements with PH

March 3, 2018 by PNA Leave a Comment

MANILA – The European Union (EU) is ready to modify provisions of future financial agreements with the Philippine government to accommodate the concerns of the Duterte administration which had earlier rejected its assistance for allegedly meddling with the country’s internal affairs.

Stefano Marservisi, director general for the European Commission’s Directorate General for International Cooperation and Development (DEVCO), disclosed the decision in a press conference Friday, after meeting with key government officials from the Department of Foreign Affairs, Department of Finance, Senate, and the National Economic and Development Authority.

“It’s about the alignment between the PCA (Partnership and Cooperation Agreement) and the (future financial) agreement notably on the equality in rights, to raise problem if any, in particular, concerning the respect of international agreements,” he said.

“This is something that we have to revise because it must be in conformity with the PCA. These are the articles we are working,” he added.

The EU official also cleared that the bloc had no intention to meddle in the country’s domestic affairs.

He said the decision was to address the concern of the Duterte administration regarding the issue.

“If we put that in this way I would say yes, of course, I mean we have never had the intention nor the action to interfere into whatsoever, you know, and we are certainly not, through the financial agreement.”

Marservisi said the adjustment they are working on will be the first to be implemented in the Philippines.

“With the Philippines, yes, but I think in general no because we have [had] other cases in which some components we have to change.”(PNA)

Image already added

Read More About: Economy

Join the Conversation Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Find us on…

  • Facebook
  • Google+
  • RSS
  • Twitter

Latest News

  • How the global stock markets can affect the economy

    How the global stock markets can affect the economy

  • Tech scams to watch out for

    Tech scams to watch out for

  • 8 things you need to know about the free tuition law

    8 things you need to know about the free tuition law

  • AH-1W for Attack Chopper?

    AH-1W for Attack Chopper?

  • Blackhawk in Philippines, Finally

    Blackhawk in Philippines, Finally

  • US willing to contribute to PHL Navy modernization, says official

    US willing to contribute to PHL Navy modernization, says official

Food and Travel

  • 4 Filipinos vying in 2018 Nickelodeon’s Kids’ Choice Awards ( Cast your Vote )

    4 Filipinos vying in 2018 Nickelodeon’s Kids’ Choice Awards ( Cast your Vote )

  • Philippines to co-host 2023 FIBA World Cup with Japan, Indonesia

    Philippines to co-host 2023 FIBA World Cup with Japan, Indonesia

  • Ms. Philippines Karen Ibasco crowned as Miss Earth 2017

    Ms. Philippines Karen Ibasco crowned as Miss Earth 2017

  • Baguio Christmas village opens to public

    Baguio Christmas village opens to public

  • CALABARZON promotes ‘motorcycle tourism’

    CALABARZON promotes ‘motorcycle tourism’

  • Camiguin ready to host international tourists, events

    Camiguin ready to host international tourists, events

Technology

  • Tech scams to watch out for

    Tech scams to watch out for

  • Why the Apple iPad Is the Best Tablet for Parents with Young Children

    Why the Apple iPad Is the Best Tablet for Parents with Young Children

  • A Brief History of Batteries and Their Development

    A Brief History of Batteries and Their Development

  • Globe to suspend mobile services in Quiapo for ‘Traslacion’ Black Nazarene

    Globe to suspend mobile services in Quiapo for ‘Traslacion’ Black Nazarene

  • 6 Budget Smartphones Under 10,000 in the Philippines 2018

    6 Budget Smartphones Under 10,000 in the Philippines 2018

© Web Design WPStartups.net · All Rights Reserved · Powered by Likeablepress