Zubiri, US Trade Rep Tai discuss economic partnership

Senate President Juan Miguel Zubiri met with US Trade Representative Katherine Tai to discuss strengthening economic partnerships and promoting American trade policies, including the Indo-Pacific Economic Framework (IPEF).

Ambassador Tai is in the Philippines to promote the Biden administration's economic and trade policies for the Indo-Pacific region.

Key discussion points included transitioning to a clean economy, digital trade, decarbonization, supply chain resilience, labor standards, sustainable agriculture, and improving the business climate.

Senator Zubiri emphasized the importance of strengthening partnerships based on shared values of freedom, democracy, and the rule of law, extending beyond defense to trade and economic cooperation.

Zubiri advocated for preferential treatment in trade and investments for the Philippines, given its status as a key US security ally in the region.

Ambassador Tai affirmed the Biden administration's commitment to enhancing economic engagement with the Philippines for more inclusive prosperity.

Zubiri expressed hope that US companies relocating from China and other regions would prioritize the Philippines for business investments.

US Ambassador to the Philippines Mary Kay Carlson also attended the meeting.