Palace pleased with PH-US trade talks

Malacañang is satisfied with the ongoing trade negotiations between the Philippines and the United States, according to Presidential Communications Office Undersecretary Atty. Claire Castro.

The Department of Trade and Industry and the Office of the Special Assistant to the President for Investment and Economic Affairs are in continuous dialogue with the US Trade Representative.

The US had asked various countries to list their best proposals on trade negotiations by a June 4 deadline, including offers on tariffs, quotas, and plans to remedy non-tariff barriers.

Specific details of the discussions cannot be disclosed due to a confidentiality agreement.

The draft letter from the US also includes commitments on digital trade and economic security.

Philippine officials are seeking tariff relief following previous US tariff impositions, though no final deal has been reached yet.