MANILA, Philippines — President Ferdinand “Bongbong” R. Marcos Jr. called the United States (US) an essential trading and investment ally.
Speaking to US Department of Commerce Secretary Gina Raimondo and the Presidential Trade and Investment Mission at Malacañan Palace, Marcos said that their visit was a manifestation of President Joe Biden’s promise.
“I have emphasized this before, and I will say it again: the United States is an essential strategic trading and investment ally for the Philippines,” said Marcos in his speech.
“In the coming months, I hope that we will be able to see our shared commitments come to fruition, driving robust economic growth because after all, an economically strong Philippines is a formidable ally,” he added.
Marcos called the trade mission proof of the US and the Philippines’ enduring ties.
“Today’s gathering not only signifies a meeting of officials, but also celebrates the enduring relations between the Philippines and the United States—ties that have been built on shared sacrifices, mutual support and unwavering respect,” Marcos said.
During the meeting, the President encouraged US business leaders to invest in the Philippines. He touted his “Build Better More” project, which boasts the development of 198 high impact infrastructure projects.
“We eagerly welcome participation by US investors in these transformative initiatives,” he said.