Preparations are already underway for the upcoming trade mission to be sent by US President Joe Biden to the Philippines.
US Ambassador to the Philippines MaryKay Carlson said she flew to Washington to brief representatives from the American private sector about opportunities in the country.
This, as both sides prepare for the upcoming Presidential Trade and Investment Mission in Manila from March 11-12.
“The mission will advance US-Philippines trade and investment ties. #PartnersInProsperity,” Carlson said in a post on X.
The Department of Foreign Affairs (DFA) recently said the trade mission will be the first in a series of major commercial events that will be undertaken by both sides this year.
After Biden announced that US Commerce Secretary Gina Raimond will lead the Presidential Trade and Investment Mission, DFA confirmed that it will be welcoming the delegation that will arrive in the country on March 11.
Biden's announcement follows through his earlier commitment to President Marcos during the latter's visit to Washington in May to "spur more capital-intensive investments in the country’s innovation economy, clean energy transition, critical minerals sector, and food security," DFA added.
National Security Council (NSC) spokesperson Adrienne Watson said the mission will enhance US companies' "contributions to the Philippines' innovation economy, connective infrastructure, clean energy transition, critical minerals sector, and the food security of its people.
The mission will also reinforce the Philippines as a key hub for regional supply chains and high-quality investment, she added.