Outline of the areas of cooperation
Through this MoC, Japan and the Philippines seek to enrich cooperation in the mining sector, establish a framework to facilitate dialogues, and cooperate in the following areas:
- Improvement of mining policy on exploration, development and operation
- Sharing information on supply-demand of mineral resources, sustainable development of mining, research and development regarding critical minerals, etc.
- Security in the mining sector
- Appropriate environmental impact assessment
- Fair and appropriate business activities
- Improvements on the environment for investment with the objective of attracting investors