Tuesday June 6, 1:34 PM Philippines, Poland Eye JV for Firearms, Ammunition Manufacture MANILA, June 6 Asia Pulse - The Philippines and Poland are eyeing a joint venture for firearms and ammunition manufacture as part of defense cooperation between Manila and Warsaw, officials said Monday. This comes as Manila was made a recipient of a US$140 million credit facility for the purchase of defense and military equipment. In their joint press briefing at the military headquarters in Camp Aguinaldo, Philippine defense chief Avelino Cruz Jr. and visiting Polish defense Minister Radoslaw Sikorski said arms manufacturers from both countries have started talks for a possible joint venture. "We can evolve a joint venture or cooperation on manufacturing small arms and ammunition," Cruz said. For his part, Sikorski said: "We just don't want to sell things to the Philippines. We want to invest here our (Poland and Philippines) companies are talking." Defense cooperation between Manila and Warsaw could cover exchange of visits and intelligence information, Cruz added. "We want to enter into a defense cooperation agreement that explores many areas," he said. Sikorski refused to expound on the credit facility, merely saying that it would be paid within a period of eight and a half years and with a two-year grace period. Rosulo Manlangit, spokesman of the Department of National Defense (DND), said the proposed loan would amount to US$140 million. "This [credit facility] is for the purchase of equipment," Sikorsky said. Sikorsky arrived in the country Saturday afternoon, becoming the first Polish defense minister to set foot in Manila. His visit serves as a follow up to the visit of Polish Prime Minister Marek Belka in Manila in July 2005, wherein Manila and Warsaw forged two memoranda of understanding (MOUs), the first establishing a mechanism for political consultation and cooperation and the second on cooperation on the possible upgrading of the South Rail line in Luzon. (PNA) Wanna kill these ads? We can help!