The Philippines and Monaco signed an agreement that aims to boost economic cooperation, humanitarian and disaster risk reduction and management and environmental protection.
The agreement was signed by Foreign Secretary Jose Rene Almendras and Minister of Foreign Affairs and Cooperation Gilles Tonelli.
“The Philippines-Monaco Framework Agreement for Cooperation is intended to be the basis upon which future cooperation between the Philippines and Monaco will emanate,” Presidential Communications Secretary Herminio Coloma Jr. said in a statement.
The signing of the agreement was witnessed by President Benigno Aquino 3rd and Prince Albert II of Monaco.
The monarch is in the country for a two-day official visit.
In a joint statement, Aquino said the Philippines and Monaco “are one in agreeing on the need to further expand cooperation in areas of mutual concern.”
“The signing of the Framework Agreement for Cooperation [is]a concrete manifestation of this. The agreement will establish a firm foundation upon which further growth in our relations can be achieved, particularly in the areas of economic, scientific and humanitarian partnerships, and of course environmental protection,” he added.
Aquino expressed confidence that the bilateral relations between the Philippines and Monaco “will continue to grow and flourish.”
He said the Prince’s visit is meaningful because 2016 marks the 10th anniversary of the establishment of formal diplomatic relations between the two countries.
“You stood with Filipinos in the aftermath of Typhoon Haiyan [Yolanda]. You gave to my countrymen so willingly, and I am told that, in proportion to its size, the Principality of Monaco was one of the most generous states in terms of aid extended, and for this, you have the eternal gratitude of our country,” Aquino added.
Prince Albert said he believed that their discussions “will be rich, productive and help[ful]to bring our two countries even closer together.”
“Through our conversations, we have shared and discussed the problems faced by both our nations and which transcend our borders. Our points of convergence concern environmental matters for future generations and the preservation of our planet based on a sustainable development model. We discussed the necessary concerted actions at international level to achieve these goals,” the prince added.