US President Joe Biden will send a presidential trade and investment mission to the Philippines, the first of its kind, comprised of high-caliber US business leaders.
This initiative aims to boost US companies' investments in the Philippines' innovation economy, clean energy transition, critical minerals sector, and food security.
The announcement was made during a meeting with President Ferdinand "Bongbong" Marcos Jr. at the White House.
Biden highlighted the strong partnership and deep friendship between the US and the Philippines, emphasizing shared democratic values.
The Philippines and the US will co-host the 6th annual Indo-Pacific Business Forum in Manila in 2024 to establish the Philippines as a key hub for regional supply chains and investment.
The mission is expected to foster economic growth and prosperity for both nations and the Indo-Pacific region.
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