Speaker: Marcos-Biden meet to pay off in security, economy READ MORE:
Joe Biden will ultimately pay huge dividends for the Philippines, particularly in terms of security and the economy that will create more investment opportunities and jobs for Filipinos.
The Speaker is still in the US, following up on his earlier interactions with his US counterpart, Speaker Kevin McCarthy, and other key American legislators and government officials, as he awaits the arrival of President Marcos. “Security and stability are indispensable ingredients for continued economic growth and prosperity. An improved iron-clad alliance between the two countries would greatly contribute to the realization of President Marcos’ vision for sustained economic growth that would provide jobs and livelihood for the Filipinos,” Romualdez noted.
In addition to security matters, Marcos and Biden are also expected to “review opportunities to deepen economic cooperation and promote inclusive prosperity, expand our nations’ special people-to-people ties, invest in the clean energy transition and the fight against climate change, and ensure respect for human rights.”
The US was also the Philippines’ 5th largest source of foreign investments in 2021, notably in the IT-BPM, electronics, real estate, construction, and transportation and storage sectors.
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