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Manila Bulletin devider Philippines devider National devider PBBM commits to bolster trade ties with Thailand, Cambodia

PBBM commits to bolster trade ties with Thailand, Cambodia

Published May 27, 2025 05:00 pm
President Marcos has met with the prime ministers of Thailand and Cambodia to reaffirm the Philippines' intention to further enhance its trade cooperation with both countries.
President Ferdinand Marcos Jr. meets with Prime Minister Paetongtarn Shinawatra of Thailand during a bilateral meeting held as part of the 46th ASEAN Summit and Related Meetings at the Kuala Lumpur Convention Centre (KLCC) in Kuala Lumpur, Malaysia, on May 26, 2025. (Mark Balmores/ Canon R6 Mark II)
President Ferdinand Marcos Jr. meets with Prime Minister Paetongtarn Shinawatra of Thailand during a bilateral meeting held as part of the 46th ASEAN Summit and Related Meetings at the Kuala Lumpur Convention Centre (KLCC) in Kuala Lumpur, Malaysia, on May 26, 2025. (Mark Balmores/ Canon R6 Mark II)
Marcos met with Cambodian Prime Minister Hun Manet and Thai Prime Minister Paetongtarn Shinawatra on the sidelines of the 46th Association of Southeast Asian Nations (ASEAN) Summit in Kuala Lumpur, Malaysia.
In his meeting with Cambodian Prime Minister Hun Manet, they acknowledged the enduring friendship between the two countries and expressed their shared commitment to further enhancing bilateral trade and cooperation across key areas of mutual interest.
Marcos highlighted improvements in trade relations since 2023, attributing the positive development in part to the increase in Philippine automobile exports to Cambodia.
He also emphasized the importance of expanding collaboration into other key areas, including defense, to strengthen the strategic partnership and ensure regional peace and stability.
“I hope that we can move forward with those discussions in terms of trade, defense, and potential defense cooperation,” Marcos said.
The Cambodian leader, on the other hand, encouraged ASEAN member states to embrace emerging opportunities amid global trade disruptions, emphasizing the region’s collective potential for resilience and growth.
The Prime Minister said, "There are thousands of products where we can find complementarities" as trading partners.
In a separate bilateral meeting, Marcos and Thai Prime Minister Paetongtarn Shinawatra shared their commitment to harness innovation and economic complementarity to drive inclusive and sustainable growth in the region.
The President underscored the importance of renewing and deepening the Philippines’ longstanding ties with Thailand. This year, the two countries will mark the 76th year of diplomatic relations, which were established on June 14, 1949.
Both leaders reaffirmed their mutual commitment to strengthening bilateral relations further and exploring new areas of collaboration that align with their respective national development goals.
Marcos emphasized the need for Manila and Bangkok to strengthen their bilateral ties further, noting that enhanced cooperation is essential as the global economy confronts issues which are “very difficult to predict and to forecast.”
At the same time, the President welcomed a leading Thai agricultural company's commitment to invest in the Philippines, highlighting the private sector’s vital role in the country's economic development through public-private partnerships (PPP).
The President cited the "great potential" for a partnership between the Philippines and Thailand in the electronics, artificial intelligence (AI), copper, vehicle wiring, and precious metals industries.
“I really see that there is great potential in all of these areas,” he said as the Philippines targets to increase its exports to Thailand for a more balanced trade.
For her part, Thai Prime Minister Paetongtarn agreed to broaden agricultural cooperation with the Philippines, with Thailand investing heavily in research and development.
“We encourage other countries to invest in Thailand more and invest in the Philippines as well,” the Thai Prime Minister said.
President Marcos personally invited the Thai prime minister to visit the Philippines.
In 2024, Thailand was the Philippines’ sixth largest trading partner.

Related Tags

President Marcos ASEAN Summit PH-Thailand PH Cambodia
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