PRAGUE: On the last day of President Ferdinand Marcos Jr.'s state visit, the Philippines and Czech Republic signed three agreements aimed at promoting trade and investment between the two nations.Marcos and Czech President Petr Pavel witnessed the signing during the Philippines-Czech Business Forum at Czernin Palace in Prague.Among the agreements signed was the memorandum of understanding on cooperation between the Semiconductor and Electronics Industries in the Philippines Foundation, Inc.
The cooperation deal between the IBPAP and SPCR covers exchange of better practices on policy and regulations; development and promotion of information technology competencies; and certification or facilitation of responsible implementation of artificial intelligence.Also signed was the Agreement of Mutual Cooperation between the Philippine Chamber of Commerce and Industry and the SPCR to promote trade and investment between the Philippines and the Czech Republic.