NextGen Day

MANILA, Philippines — As both countries prepare for a post-pandemic future, the US looks forward to closer economic collaboration with the Philippines.

US Embassy Chargé d’Affaires Heather Variava said the two countries may start working on new areas of collaboration, such as clean energy, information technology, and supply chain resilience, at an economic briefing sponsored by the Philippine Embassy in Washington, D.C. on Thursday night.

On energy, the US would begin by easing the long-term shift away from fossil fuels, according to Variava, who understands the need of affordable, accessible, and long-term clean energy sources.

This, according to Variava, would be especially beneficial to climate-vulnerable countries like the Philippines.

The Embassy is also ready to connect US and Philippine enterprises working on renewable energy development, such as solar, wind, and geothermal power.

The US would also collaborate with Philippine authorities to “set the foundations” for safe and reliable nuclear energy generation, according to Variava.

“Our sustained engagement on a variety of economic issues will become increasingly crucial as we look ahead to the post-pandemic global economy. We look forward to working with our Philippine partners to strengthen this partnership “she stated

For his part, Philippine Ambassador to the United States Jose Manuel Romualdez said Manila would continue to pursue its present priorities on climate change and clean energy transition, including boosting its involvement in the global supply chain and its digital economic environment.

“We’re looking for engagements with the US on these economic issues that will help reshape the economy in the next years,” he said.

“The US has also shown its willingness to support the Philippines in its energy transition from coal to clean energy, including nuclear energy,” he continued.

Romualdez stated that the Philippine economy is “truly positioned” for recovery about two years after the pandemic began.

The Filipino envoy quoted the Philippine economic team as saying that GDP would likely return to pre-pandemic levels starting this year, citing a robust 5.6 percent full-year GDP growth last year.

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