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Trade ties between the Philippines and the United States

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Trade ties between the Philippines and the United States
« on: April 01, 2017, 07:35:00 PM »
LOPEZ, KIM AFFIRM VIBRANT PH-US TRADE RELATIONS. Trade ties between the Philippines and the United States pushes towards a more dynamic relationship as Department of Trade and Industry Secretary(DTI) Ramon Lopez (right) recently (30, March) met with US Ambassador to the Philippines Sung Kim (left) to discuss the trade and industry development between the Philippines and the United States. While the Philippines continues the momentum to diversify its International relations to new countries such as China and Russia, Secretary Lopez assured the Ambassador that establishing new ties to new countries does not diminish the existing PH-US trade relationship which has a strong track record being the country's 3rd largest trading partner. Ambassador Kim, on the other hand, assured continuous support of the US to the country, citing USAID support in the Mindanao as a manifestation of the firm commitment of the US to the Philippines. The Ambassador also invited DTI for the upcoming SelectUSA Investment Summit in Washington D.C. on June 18-20, where multinationals, small or medium-sized enterprises and high-growth startups would come together to showcase investment opportunities around the world. Secretary Lopez, on the other hand, is enthusiastic that there are Filipino companies who are ready to expand and diversify their market in the US. “The Philippines continue to diversify its market and liberalize its priority sectors to spur competitive industry developments such as hospitals, low-cost housing, and schools,” Secretary Lopez concluded.

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