Department of Trade and Industry Secretary Alfredo Pascual reaffirmed the Philippines’ commitment to regional cooperation and economic integration at the Indo-Pacific Economic Framework for Prosperity Ministerial Meeting on June 6, 2024.
“It is important for the Philippines that the IPEF Agreements are able to empower partner countries and boost their value propositions as key trade allies and prime locations for strategic, sustainable, and inclusive investments––including by providing access to mechanisms for technical assistance, capacity-building and other collaborative activities such as best practices and information-sharing, support for infrastructure modernization, workforce and project development, public-private...
Pascual said with the implementation of the supply chain agreement, he expects the IPEF partners to achieve their goals of improving supply chain transparency, addressing supply chain crises and vulnerabilities, enhancing the role of workers, and promoting labor rights.