Connect with us

Hi, what are you looking for?

Economy

Celebrating milestones as friends, partners, allies

THIS JULY 4, Americans all over the world are celebrating the 247th anniversary of US independence. Here in the Philippines, we are also commemorating the 69th Philippine-American Friendship Day, making July 4 doubly special — a time to celebrate all that the Philippines and the United States have accomplished together as steadfast friends, partners in prosperity, and ironclad allies.

Since I arrived in July last year, I’ve had the opportunity to see the deep, multifaceted US-Philippine relationship at work. During a recent trip to Cebu, I met talented new friends from the vibrant network of US exchange alumni in the Visayas. In Ilocos Norte, I learned how our development efforts are improving energy efficiency standards, a key part of the Philippines’ clean energy transition. Last October, I had the honor to share the stage with President Ferdinand R. Marcos, Jr. in Tacloban to commemorate the Leyte Gulf landing, honoring our shared history; while during a recent visit to Isabela province, I witnessed how US and Philippine troops are working together today to modernize our alliance — training at Camp Melchor Dela Cruz. These trips and the many other milestones mark strong momentum in US-Philippine relations.

This year’s highlight in our bilateral ties was the resoundingly successful visit to Washington, DC by President Marcos Jr. During President Marcos’ Oval Office meeting with President Joe Biden, our leaders discussed the full spectrum of our relationship as friends, partners, and allies. President Biden reaffirmed our ironclad commitment to the Alliance and announced a first-of-its-kind Presidential Trade and Investment Mission to the Philippines. Our leaders also discussed new efforts to promote clean energy, expand science and technology cooperation, and protect the environment. President Marcos also met with multiple US cabinet members. I was particularly struck by the lively, substantive discussion President Marcos had with Secretary of Agriculture Tom Vilsack, resulting in innovative programs to tackle food and nutrition insecurity.

This year, we also saw the successful conclusion of the largest, most complex iteration of Exercise Balikatan. Over 17,000 troops from the United States and the Philippines, as well as a contingent from Australia, trained shoulder-to-shoulder on land, at sea, in the air, and — for the first time — in cyberspace. Together, we announced four new locations where our countries will make investments to improve Philippine military infrastructure and capabilities under the Enhanced Defense Cooperation Agreement, or EDCA. Projects implemented at these EDCA locations will advance the Philippine Armed Forces’ modernization goals and bring tangible economic benefits to local communities, creating jobs and opportunities for local businesses. The Philippines is the largest recipient of US security assistance in the Indo-Pacific. Strengthening our Alliance helps secure peace and prosperity for our peoples.

US-Philippine economic partnerships are flourishing. In May, I visited two top-tier US businesses in Cebu — Timex and Teradyne. Like many US companies operating in the Philippines, Timex and Teradyne provide thousands of Filipinos with high-quality, high-paying jobs — including as managers and executives. US businesses value the talent of the Filipino workforce and, more and more, are looking to the Philippines as an attractive place to trade and invest. For example, Moderna has chosen the Philippines as its first-ever operational hub in Asia. We look forward to building on this momentum as partners in prosperity.

The United States is committed to supporting the Philippines’ growth and development goals. Through USAID, the United States recently invested P1 billion to help small- and medium-sized enterprises compete in the country’s e-commerce ecosystem. This investment helps build a robust, inclusive, secure, and resilient digital economy. USAID is also supporting the Philippine government and private sector to increase access to fast and reliable internet across the archipelago, train Filipino workers to meet the evolving requirements of the high-tech manufacturing sector, and help youth develop the skills they need to succeed.

This Fourth of July, I hope you’ll agree we have much to celebrate!

 

MaryKay Carlson is the US ambassador to the Philippines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Investing

In a surprising turn of events, Dame Sharon White, the CEO of John Lewis, has announced her resignation from the company. After just three...

Economy

By Luisa Maria Jacinta C. Jocson, Reporter MANUFACTURING ACTIVITY in the Philippines expanded in September, driven by resilient domestic demand and growth in new...

Economy

THE NATIONAL GOVERNMENT’S (NG) outstanding debt reached a record P14.35 trillion as of end-August, mainly due to the peso depreciation against the US dollar,...

Economy

THE WORLD BANK expects the Philippines to be the fastest-growing economy in Southeast Asia this year, despite trimming its gross domestic product (GDP) growth...

Economy

FINANCIAL INTEGRATION in the Association of Southeast Asian Nations (ASEAN) region could boost economic growth in the Philippines by about 3.5 percentage points (ppts),...

Economy

THE Philippine Stock Exchange, Inc. (PSE) said the guidelines on short-selling transactions are to take effect immediately after securing approval from government regulators. In...

You May Also Like

Top News

As the world seeks sustainable and energy-efficient solutions for heating and cooling, the heat pump market is experiencing a significant surge. According to the...

Investing

The Toto site’s user-friendly interface makes it easy for both beginners and experienced gamblers to navigate through the various features. “¸ÔÆ¢Æú¸®½º site is a...

Investing

Almost 100 jobs are thought to be under threat at smart home energy technology manufacturer myenergi. The Grimsby firm, named one of the UK’s...

Economy

JUNIOR FERREIRA-UNSPLASH The Philippines is a very small power market by ASEAN standards, with market demand peaking at 15 gigawatts (GW) compared to Thailand’s...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.