Biden also committed to step up America’s support in a wide range of issues, including climate change mitigation and economy. Both leaders have agreed to deepen collaboration to fight climate change, expand clean energy production and protect the environment.
“We’re tackling climate change, we’re accelerating our countries’ chances… and we’re standing up for our shared democratic values and workers’ rights… and together we’re deepening our economic cooperation,” an official release from the Philippine government quoted Biden as telling Marcos.
US President Joe Biden recently told visiting President Ferdinand R. Marcos Jr. that he would send a presidential trade and investment mission to the Philippines to promote broad-based economic growth.
The mission is expected to enhance US firms’ investment in the Philippines’ innovation economy, clean energy transition and critical minerals sector.
The mission is expected to enhance US companies’ investment in the Philippines’ innovation economy, clean energy transition and critical minerals sector.
Biden underscored the ‘strong partnership’ and ‘deep friendship’ between the Philippines and the United States.
In a joint statement, Marcos and Biden particularly reaffirmed to undertake urgent action to reduce greenhouse gas emissions, as well as expand renewable energy production to accelerate the clean energy transition while bringing down energy costs and expanding energy access for families.
During yesterday’s Oval Office meeting, the two leaders reviewed opportunities to deepen economic cooperation and promote inclusive prosperity, expand both nations’ special people-to-people ties, invest in the clean energy transition and address the climate crisis and ensure respect for human rights.
The leaders also discussed regional matters and coordinate efforts to uphold international law and promote a free and open Indo-Pacific.
Fibre2Fashion News Desk (DS)
