Poland to forge defense cooperation agreement with Philippines

05.06.2006 06:14

Polish Defense Minister Radoslaw Sikorski said Poland wants to sell helicopters and other defense equipment to the Philippines and has offered credit for the purchase.

He said the relationship may involve a joint venture to manufacture small arms and ammunition in the Philippines, according to the AP.

"Our decision to extend a credit facility to the Philippines is our sign of confidence in the Philippine economy," Sikorski said, adding the credit would be used by the Philippine military, police and anti-narcotics agencies to buy Polish equipment.

He did not give an amount, but Philippine defense official Rosulo Manlangit said it was about US$140 million ( Ђ 109 million).

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