00:00Although the defense ties of the Philippines and America are still strong, the possible effect of the administration of US President-elect Donald Trump is being monitored in the Philippine economy.
00:11At the Philippines Conference 2024 of the Stratbase ADR Institute, Finance Secretary Ralph Recto said that it's too early to say if the results of the US elections in the Philippines have a direct effect.
00:25But since Trump is a businessman, Recto said that the US President-elect will see the importance of investment in the Philippines.
00:33For the Philippine Chamber of Commerce and Industry of PCC, President George Barcelon, Trump said that he will monitor the increase in imported products, including those from the Philippines.
00:47At the conference, NEDA Secretary Arsenio Balizacan is also monitoring the situation.
00:53The government is continuously striving to strengthen the local economy so that it can remain strong no matter who becomes the police of America.