Marcos wants more economic activities with US, says envoy

Philippine Ambassador to the United States Jose Manuel "Babes" Romualdez said Friday that President Ferdinand "Bongbong" Marcos Jr. wants more economic activities between the Philippines and the US under his administration.

"The President told me that he really would like to see more economic activities between the United States and the Philippines," Romualdez said in a CNN Philippines interview.

"I think we are already going along that path right now. We've had quite a number of economic forums in the past, we're going to have more of that," he added.

Romualdez said he also had a discussion with Finance Secretary Benjamin Diokno about the matter, especially on acquiring more investments from the US.

"He (Diokno) would like to continue if not double up on our effort in promoting the economy and getting more foreign investments, particularly in the United States," he said.

Romualdez described the ties between the Philippines and the US as "very stable and strong" as the Biden administration clearly wants to work with the Marcos presidency.

In his inaugural address on Thursday, Marcos Jr stressed the importance of strengthening and cultivating relationships with the other states, saying the transformation of the world economy and post-pandemic recovery will depend on partnership with other nations.

Last month, United States Deputy Secretary of State Wendy Sherman met Marcos and discussed how to strengthen the alliance between the Philippines and the US wherein they discussed economy, human rights, and a free Indo-Pacific region.—AOL, GMA News