Philippine-Korea Free Trade Agreement, niratipikahan

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00:00The Philippine-Korea Free Trade Agreement was ratified in the Business Forum

00:05led by the Philippine Chamber of Commerce and Industry.

00:08It was led by President Ferdinand R. Marcos Jr. and South Korean President Yun Suk-yol

00:14where the sectors of business were discussed

00:17to jointly support the two countries.

00:20This is Joshua Garcia's report.

00:24The diplomatic relations between the Philippines and South Korea

00:28particularly in terms of business

00:31was discussed in the Philippine-Korea Business Forum

00:33where South Korean President Yun Suk-yol attended.

00:36President Ferdinand R. Marcos Jr. told the Korean businessmen

00:40that the country's economy is strong.

00:42This was accompanied by the ratified Philippine-Korea Free Trade Agreement

00:45which aims to promote cooperation,

00:48sustainable business, and an active digital economy.

00:51The recently ratified Philippines-Korea Free Trade Agreement

00:55elevates our relations by reducing or eliminating tariffs on key products

01:02such as agricultural goods, electronics, and automotive components.

01:08According to President Ejecutivo,

01:10more than the business partnership,

01:11the real thing that makes the relationship between the two countries richer

01:14is the connection of its citizens

01:16who have the same goal, determination, and unity.

01:19This is the essence of true partnership.

01:22The ability to support one another as we ascend toward our shared goals,

01:27moving forward together with resolve, resilience, and the spirit of camaraderie.

01:34Aside from the Federation of Korean Industries,

01:36President Marcos Jr. also introduced the Philippine Chamber of Commerce and Industry or PCCI,

01:41Department of Trade and Industry, Department of Agriculture,

01:44and other government and private sector agencies

01:47to the important role they play in the cooperation that will advance the economy of each country.

01:52Each of you, 12 Philippine and 12 Korean companies and organizations,

01:58bring a wealth of experience and expertise.

02:02Your presence symbolizes the cooperation that propels us towards a shared success.

02:07Together, let history record

02:10that this was the moment when our two nations embarked upon a journey of unprecedented growth and prosperity.

02:18In the end, the President thanked everyone for their participation

02:21and he hopes that the country can use the partnership between South Korea

02:26until the next time.

02:28Joshua Garcia for Pambansang TV in Bagong, Philippines.

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