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Romualdez envisions closer economic and security connections between the Philippines and the US.
After meeting with Rep. Young Kim of California’s 40th congressional district and members of his delegation at the US Capitol on Tuesday, Speaker Ferdinand Martin G. Romualdez committed to doing more to strengthen the economic security ties between the Philippines and the US.
According to a press release from the Speaker’s office, Romualdez’s conversation with Kim, who heads the US House’s Foreign Affairs Subcommittee on the Indo-Pacific, focused on defense and security engagement, a crucial pillar of the bilateral relations between the Philippines and the US.
In the course of the conference, Romualdez and his delegation requested that the US Congress continue to support “defense and economic security.”
Rep. Kim has promised to cooperate with us to increase and improve the nation’s economic security with the United States in addition to our strong military security with them. According to Romualdez, this alliance will increase output, spur economic expansion, and create new jobs.
The leader of the Philippine House remarked that after the Covid-19 outbreak, economic security became a more urgent issue.
“We must prioritize and increase our investments as a team. Long-term growth and stability depend on fostering economic cooperation and enabling trade, he said. By taking this action, trade, and investment relations would be further improved, and chances for sustainable growth would be opened up.
Romualdez also made care to inquire about the situation of Filipinos in Kim’s district, which comprises the northern regions of Orange County and had an estimated 89,000 Filipino residents in 2018.
A group led by Rep. Kim will visit the Philippines in November of this year, according to Romualdez, in order to formalize their agreement to increase PH-US economic cooperation.
He continued, “Our solid strategic economic alliance will strengthen economic cooperation, which is crucial for sustained growth and development.
Romualdez met with House Majority Leader Manuel Jose “Mannix” M. Dalipe, Deputy Speaker Aurelio “Dong” Gonzales Jr., Reps. Tobias “Toby” Tiangco of Navotas City and Jose “Joboy” S. Aquino II of Agusan del Norte’s first district, Philippine Ambassador to the United States Jose Manuel “Babe” del Gallego Romualdez, House Secretary General Reginald “
The successful conference, according to Ambassador Romualdez, would increase economic participation and assist the Philippines develop a robust economy.
“There is no doubt that our security alliance with the US played a key role, but it is clear that ensuring economic security is equally critical in order to build a resilient and inclusive economy that will strengthen both the Philippines and the United States,” the official added.
An atmosphere where there is peace, security, and prosperity for all of us can be achieved by strengthening our alliance through more trade and investments, according to Ambassador Romualdez.
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