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Manila Bulletin devider Philippines devider National devider Philippines, US, Japan hold inaugural talks on Luzon Corridor

Philippines, US, Japan hold inaugural talks on Luzon Corridor

Published May 22, 2024 03:18 pm

The Philippines, the United States and Japan held their first ever talks on the upcoming Luzon Economic Corridor at the sidelines of the Indo-Pacific Business Forum, the US' premier public-private event.

Presidential Adviser for Investment and Economic Affairs Frederick Go on Tuesday, May 21, sat down with U.S. Senior Advisor to the President for Energy and Investment Amos Hochstein and Japan Ministry of Foreign Affairs Director-General for International Cooperation Bureau Ishizuki Hideo for the inaugural meeting of the Luzon Corridor Steering Committee.

According to the readout provided by the US State Department, their meeting was aimed at driving infrastructure investment and development along the corridor that will connect Luzon's major economic hubs of  Subic Bay, Clark, Manila and Batangas.

"The Steering Committee aims to implement the Trilateral Leaders’ commitment in April to develop the Luzon Economic Corridor under the Partnership for GIobal Infrastructure and Investment Indo-Pacific Economic Framework (PGI-IPEF) Investment Accelerator," the State Department said.

"The partners discussed priority sectors for engagement and reviewed potential projects and areas of interest, committing to future meetings on a quarterly basis," it added.

The Luzon Economic Corridor is the first PGI-IPEF economic corridor in the Indo-Pacific region.

It will support connectivity among Subic Bay, Clark, Manila, and Batangas as well as facilitate strategic, anchor investments within each hub in high-impact infrastructure projects.

That includes rail, port modernization, agribusiness, and clean energy and semiconductor supply chains and deployments.

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Luzon Corridor
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