‘PH-Australia partnership to enhance trade, regional security’
MANILA, Philippines — The recent partnership signed by President Ferdinand “Bongbong” Marcos Jr. and Australian Prime Minister Anthony Albanese will be beneficial in enhancing relations between the two nations, according to Stratbase Albert Del Rosario (ADR) Institute president Dindo Manhit.
Manhit said Australia’s support in the Indo-Pacific region will help maintain order, especially amid territorial disputes in the South China Sea.
“We are grateful for Australia’s unwavering support for the Philippines, particularly its recognition of the 2016 arbitral ruling and its commitment to preserving the rule of law. Its presence in the Indo-Pacific and defense of the rules-based international order provides assurance that peace, stability, and prosperity will be maintained in the region,” Manhit said in a statement on Saturday.
Aside from bolstering regional security, Australia will also help boost economic growth in the country, the think tank said.
“Furthermore, our elevated relationship with Australia assures us of a reliable friend and partner in economic prosperity. Our trade activities form a significant part of our relations, as evidenced by Australia’s release of its Southeast Asia Economic Strategy to 2040, which includes cooperation with the Philippines,” Manhit added.
The two countries signed the partnership agreement on Friday during a bilateral meeting in the Malacañang.
“Our Strategic Partnership is established in the spirit of friendship, and founded on shared democratic values and a common vision for the region where strategic agency is freely exercised and sovereignty is upheld. For the benefit of both countries, we are committed to strengthening our ties, deepening cooperation and enhancing capacity, striving for a region that is open, resilient and prosperous,” the joint declaration said.