(Washington, DC) On May 3, the US-ASEAN Business Council, U.S. Chamber of Commerce, and the US-Philippines Society co-hosted a business forum and reception in honor of His Excellency Ferdinand Marcos Jr., President of the Republic of the Philippines, on the occasion of his official visit to the United States.
President Marcos met with business leaders and addressed issues relating to economic reform and digital transformation in the Philippines, the regional security landscape, as well as his vision to further strengthen the United States - Philippines bilateral relationship on all fronts.
In his speech, the President called on U.S. companies to invest more in the Philippines as the country continues to step up its efforts in advancing its investment climate. Among the key areas of partnerships that the President identified included renewable energy, cybersecurity, labor, agriculture, and climate change. As America’s oldest ally in Asia, the Philippines can gain from stronger economic integration with the United States.
"We are bullish on the prospects for stronger economic ties between the United States and Philippines", said Amb. Ted Osius, President & CEO of the US-ASEAN Business Council. "The actions over the last nine months, accentuated by President Marcos's visit, exhibit that the Philippines wants a greater relationship with us - not just in security, but a deeper economic relationship as well".
On August 8-10, the US-ASEAN Business Council will be holding its annual Business Mission to Manila, Philippines. During this period, the Council aims to increase in-depth engagements with the Philippine Government, as a concrete follow-up to the business forum.