Philippines seeks stronger US ties, focusing on defense and economic growth under Trump's administration.

The Philippines is pursuing stronger economic ties with the US under Trump's administration, focusing on defense and infrastructure investment. Ambassador Jose Manuel Romualdez says the countries' interests align, especially in defense, and the Philippines hopes to handle parts of the US semiconductor supply chain. Despite potential downsides like stricter immigration policies, the Philippines expects economic growth, with GDP forecast to improve to 5.6% in 2024 and 6.1% in 2025. The IT-BPM industry is also confident in continued US investment.

November 10, 2024
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