AFAB, Hangzhou City ink MOU on business concern

With the support of the Philippine China Cooperation Industrial Park (PCCIP), the Authority of the Freeport Area of Bataan and the Hangzhou Municipal Bureau of Commerce signed last November 11 a memorandum of understanding establishing a cooperation framework.

The MOU focused on the proposal to undertake agro-industrial development, manufacturing activities, consumer goods such as electric vehicles, financial technology, renewable energy and tourism.

AFAB Administrator and CEO Hussein P. Pangandaman pointed out the building of each other’s strengths and aligning policies so that cooperation results in pragmatic, workable and advantageous projects.

Pangandaman said the support of PCCIP headed by Ms. Sherryl Lou plays a vital role in this endeavor.