PH, Israel explore partnership on AI, minerals; free trade agreement talks begin

The Philippines and Israel are working to strengthen collaboration in critical mineral processing and artificial intelligence (AI) as part of the two countries’ broader efforts to deepen economic and technological cooperation.

In a public briefing, Israel Ambassador to the Philippines Dana Kursh said Department of Trade and Industry Secretary Cristina Roque and Israel Minister of Economy Nir Barkat began talks of a free trade agreement.

“They declared together that starting negotiating on having a free trade agreement. So this ecosystem with the overall strategic plan of having a free trade agreement and specific MOUs (memorandum of understanding) when it comes to minerals and other AI solutions and alongside cybersecurity,” Kursh said.

She did not further elaborate on the details, as negotiations are still ongoing, but assured that updates would be provided in June.

Kursh also said minerals like nickel and bronze could be beneficial in the construction of the 4,000-acre industrial hub in the Luzon Economic Corridor (LEC) that the Philippines and the United States plan to build.

“These are critical minerals that can be used [in the Pax Silica initiative],” the ambassador said.

“AI and other solutions are not just buzzwords. They are real opportunities that we have to seize and we have to seize them together,” she added.

The LEC is expected to be the first of its kind, serving as a new model for AI-native investment hubs under the Pax Silica initiative, a US-led effort to build a network of allied supply chains for critical technologies and minerals.

The fact sheet cited the Philippines’ significant reserves of nickel, copper, chromite, and cobalt, vital to global supply chains.

The LEC is part of a partnership among the Philippines, the United States, and Japan, announced during a trilateral summit in Washington, D.C. in April 2024 involving President Ferdinand Marcos Jr., then US President Joe Biden, and then Japanese Prime Minister Fumio Kishida. —Mariel Celine Serquiña/RF, GMA News