Thursday, October 6, 2022

US Looks Forward To More Economic Collaboration With PH

THE PHILIPPINE POST

US Looks Forward To More Economic Collaboration With PH

Spotlight

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The United States looks forward to closer economic cooperation with the Philippines as both countries plan for a post-pandemic future.

In an economic briefing hosted by the Philippine Embassy in Washington D.C. on Thursday night, US Embassy Chargé d’Affaires Heather Variava said the two nations could start working on new areas of cooperation, including clean energy, information technology, and supply chain resilience.

On energy, the US would start by facilitating the long-term transition away from fossil fuel, Variava said as she recognized the importance of affordable, accessible, and sustainable sources of clean energy.

Variava said this would particularly benefit the climate-vulnerable countries, including the Philippines.

The Embassy is likewise ready to connect US and Philippine companies that are focused on solar, wind, and geothermal power development, among others.

Variava said the US would also work with Philippine authorities to “lay the foundations” for safe and reliable nuclear energy generation.

“As we look ahead toward the post-pandemic global economy, our continued partnership on a range of economic issues would become increasingly important. We look forward to engaging our partners in the Philippines to strengthen this collaboration,” she said.

Philippine Ambassador to the US Jose Manuel Romualdez, for his part, said Manila would continue to pursue its current priorities on climate change and clean energy transition, including enhancing its participation in the global supply chain and improving its digital economy environment.

“We are seeking engagements with the United States on these economic priorities that will help transform the economy as these sectors are expected to grow in the coming years,” he said.

“The United States has also signified its willingness to assist the Philippines in pursuing its energy transition from coal to clean energy, including nuclear energy,” he added.

Almost two years into the pandemic, Romualdez noted that the Philippine economy is “indeed poised” for recovery.

Citing the Philippine economic team, the Filipino diplomat said the gross domestic product (GDP) would likely go back to pre-pandemic levels starting this year, supported by a strong 5.6 percent full-year GDP growth last year. (PNA)

Latest News

Spotlight

The Talk

More Stories

Laoag Reminds Waste Segregation As New Sanitary Landfill Opens

Laoag City Mayor Michael Keon urged citizens to properly segregate their wastes as new sanitary landfills opened in the city.

PH Among ‘Friendliest Countries’; Boracay Named Asia’s Top Island

The 2022 Condé Nast Traveler Readers’ Choice Awards declared the Philippines as one of the friendliest countries in the world and recognized Boracay as the top island in Asia.

DOTr, MMDA, Quezon City To Build More Bike Lanes, Public Utility Vehicle Stops

The Quezon City government partnered with two other government agencies to build more bike lanes and public utility vehicle stops in the area.

United Clark Finally Plays At Home

The Philippine Football League champion United Clark announced that they will play home matches for the next season at the New Clark City Athletic Stadium.

Romualdez Vows To Legislate Laws Promoting Teachers’ Welfare

Speaker Martin Romualdez gave his greetings to Filipino teachers in celebration of the National Teachers’ Day.

Entertainment

Travel

Motoring