President Marcos announced that he had secured over $21 billion in new investment pledges from top American companies following his meetings with US trade and business leaders this week.
00:00I have just concluded my three-day official visit to Washington, D.C. upon the invitation of U.S. President Donald Trump.
00:07This visit speaks of the breadth and depth of the alliance, all the Philippines and the United States that span the various facets of our bilateral relations.
00:16Sidelines of the visit, I also met with business leaders and top executives of leading global investment, healthcare, infrastructure and semiconductor firms.
00:24Expanding our economic engagements to provide opportunities for building economic security and resilience was a key point in our discussions.
00:33We return to the Philippines with over $21 billion in investment pledges that have the potential to create thousands of direct and indirect jobs for Filipinos within our country.
00:45The United States is our oldest and only treaty ally, and my visit to meet the new president is important in advancing our historic and dynamic cooperation.
00:54mutual respect and shared strategic interests.
00:57We discussed enhanced cooperation on cybersecurity, energy supply, resilience and critical infrastructure.
01:04I underscored the importance of our multilateral engagement, especially with neighboring countries, to continue to reinforce the network of common alliances in the region.
01:15We welcome the U.S. government's pledge of an additional $15 million for private sector development under the Luzon Economic Corridor Initiative and an additional $48 million in foreign-assisted projects.
01:29We will continue to work with the State Department as well with the U.S. Congress for the implementation of these programs.
01:34I conveyed to President Trump that we remain positive about the future of the U.S. trade, including investment relations, especially in the context of economic security and the fair, balanced reciprocal trade.
