PH-US Have Agreements on Trade and Civil Nuclear Cooperation

The US and Philippine governments have agreed on two cooperations, namely on trade and civil nuclear sectors to boost bilateral trade and tackle the energy deficiency issues of the Philippines.

In the Makati Business Club (MBC) General Membership Meeting with US Ambassador to the Philippines MaryKay Carlson on the subject of “Indo-Pacific Partners: Growth & Stability for US, PH & the Region”, the Ambassador mentioned that the recently held 10th Bilateral Strategic Dialogue covered a wide range of topics such as global and regional challenges, security, and defense, rule of law and economic development issues,

“We made progress in a number of areas and I’d like to share just two of those notable deliverables from our discussions last week,”

She also shared that “We made progress in a number of areas and I’d like to share just two of those notable deliverables from our discussions last week,”

One of the said deliverables is in the field of civil nuclear cooperation. Ambassador Carlson has mentioned that the Philippine and US governments have decided to hold official consultations to prepare for the 123 agreement negotiations.

“Completing a 123 agreement will allow for greater civil nuclear cooperation, including the export of nuclear technology. This will be the first step in bringing nuclear power to help address the Philippine energy needs,”

Aside from this, an important deliverable was the topic of trade missions wherein both parties have decided to support various trade missions for 2023 according to the Ambassador.

“This will bring us exporters involved in agriculture, energy, technology, and other industries to the Philippines to explore business opportunities. And in May, we will also take Philippine companies interested in investing in the United States to the Select USA Summit,”

Source: Manila Bulletin