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Romualdez says initial stage of PBBM’s US visit already yielded windfall for PH

admin May 2, 2023

Speaker Ferdinand Martin G. Romualdez shakes hands with US President Joe Biden after he was introduced by President Ferdinand "Bongbong" R. Marcos, Jr. on Monday afternoon (US time) at the White House where the two leaders held a bilateral meeting to reaffirm and further bolster the enduring relations between the two countries. The Speaker was among the Filipino officials who accompanied President Marcos during his meeting with President Biden.

SPEAKER Ferdinand Martin G. Romualdez on Monday said the Philippines already gained considerable windfall in the initial stage of the official visit of President Ferdinand “Bongbong” R. Marcos, Jr. to the United States (US) highlighted by his bilateral meeting Monday (US time) with United States President Joe Biden.

On the second day of his five-day official visit to the United States, President Marcos met with President Biden at the White House, where they resolved to draw on the strength of the enduring partnership between the two countries to promote economic growth and prosperity in the United States, the Philippines, and the broader Indo-Pacific region.

Among others, President Biden said he will dispatch a Presidential Trade and Investment Mission to the Philippines on his behalf as he also committed to step up America’s support in a wide range of issues, including climate change mitigation and the economy.

“This high-level trade and investment mission from the US will add more momentum to sustain our country’s economic growth and help establish the Philippines as a hub for investments and as a regional supply chain hub,” Speaker Romualdez said.

“Such bilateral economic engagement with the US will not only generate more jobs and business opportunities for our people but, more importantly, it would focus on sectors critical to ensuring a resilient supply chain to avert the recurrence of serious disruptions that wreaked havoc in the economies of many countries in the past few years,” he added.

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Source: USD/PHP @ Wed, 22 Apr.

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