Biden to send Presidential Trade and Investment Mission
Photo credit: Presidential Communications Office
In a move to strengthen economic ties between the United States and the Philippines, US President Joseph Biden announced on Monday that he will send a "first of its kind" presidential trade and investment mission to the Philippines. This announcement came after Biden's bilateral meeting with Philippine President Ferdinand R. Marcos Jr. in Washington.
During their meeting, Biden praised the strong partnership and deep friendship between the two countries, which has been enriched by the millions of Filipino-Americans and communities across the United States. He also committed to supporting the Philippines in various issues, including climate change mitigation and economy.
"We're tackling climate change, we're accelerating our countries' chances... and we're standing up for our shared democratic values and workers' rights... and together we're deepening our economic cooperation," said Biden. In response, Marcos expressed his gratitude for America's assistance and emphasized the need to strengthen alliances and partnerships in the face of the new economy brought about by the pandemic.
The Oval Office meeting also included discussions on security, education, and other initiatives as part of Marcos' five-day official visit to Washington. Philippine cabinet officials, including National Security Adviser Eduardo Ano and Foreign Affairs Secretary Enrique Manalo, also attended the expanded bilateral meeting with their US counterparts.
This latest development in the US-Philippine relationship follows a meeting between Marcos and Biden on the sidelines of the United Nations General Assembly last September, where they agreed to firm up cooperation in priority sectors and discussed their respective visits to each other's countries.
As part of his visit, Marcos is also scheduled to meet with business leaders and visit the Pentagon. This visit is seen as a positive step towards strengthening the longstanding ties between the two nations.