00:00The U.S. is expected to soon reach a deal with the Philippines for a new economic security zone
00:06aimed at deepening cooperation in technology, supply chains and strategic industries.
00:11Both countries have agreed on a two-year window to finalize agreements under a pact signed last month.
00:19The deal comes as Washington continues to aggressively expand its technology supply chain alliance known as PAC Silica.
00:26It is part of a broader push to reduce dependence on China-centric manufacturing networks.
00:32Last month's agreement made the Philippines the 13th country to join the alliance,
00:37which seeks to safeguard the entire technology supply chain from data infrastructure and semiconductors
00:43to critical minerals and advanced manufacturing.
00:47Founding members when the alliance was first formed last year included Australia, Japan, South Korea, the U.K. and Singapore.
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