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Manila Bulletin devider Philippines devider National devider First high-level mission manifests strong US ties with PH— Marcos

First high-level mission manifests strong US ties with PH— Marcos

Published Nov 22, 2023 11:50 am

President Marcos has said that the decision of the United States to send a high-level presidential delegation to the Philippines next year manifested both countries' strong partnership.

BBM in USA.jpg

Upon arriving from the US on Monday night, Marcos said he is looking forward to seeing more partnerships with American companies to materialize in the months ahead especially with the visit of the high-level US Presidential Trade and Investment Mission in March next year.

The Philippines and the US will also be co-hosting the 2024 Indo-Pacific Business Forum (IPBF).

“Just as an explanation, the high-level business delegation that is coming is a delegation that was formed by (US) President (Joe) Biden himself and upon the request of the Philippines to explore the different opportunities for investment and for operations here in the Philippines, especially in the targeted sectors that we have been speaking about,” Marcos said.

“And this is in fact a new feature as there has never been a presidential high-level delegation to any country before and that is again because of our continuing strong partnership with the United States,” he added.

The Philippines and the US will co-host the 6th annual IPBF in Manila next year, which according to the White House, would “strengthen the Philippines’ position as a key hub for regional supply chains and high-quality investment.”

The IPBF is the US government’s annual commercial event in the region, gathering top leaders from the public and private sectors to review policy developments, disclose new investments, and explore partnerships.

The US co-hosted with Japan the 5th Indo-Pacific Business Forum last January 12, 2023, welcoming senior government officials, industry executives and other stakeholders.

The Biden administration’s launch of a Presidential Trade and Investment Mission to the Philippines could also deepen US firms’ investment in the local economy, covering energy transition, critical minerals sector, and food security.

Related Tags

US-PH alliance President Joe Biden US Presidential Trade and Investment Mission President Marcos
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