Manuel V. Pangilinan and former United States Ambassador to Manila John Negroponte announced an initiative to explore opportunities for Philippine and American companies to team up in the telecommunications construction, energy, agricultural and airplane-part sectors.

“They reflect what the economy needs—principally, capital equipments, which, as of the moment, the country is not capable of producing,” Pangilinan said during the Philippines-US Trade and Investment Forum in Makati City on Tuesday.

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