The United Kingdom and the Philippines convened the 2nd UK - Philippines Economic Dialogue today
The United Kingdom and the Philippines convened the 2nd United Kingdom – Philippines Economic Dialogue on 19 August 2020. Department of Trade and Industry (DTI) Undersecretary Ceferino Rodolfo and Her Majesty’s Ambassador Daniel Pruce led the virtual Dialogue.
This is the first bilateral dialogue of the Philippines outside ASEAN since the onset of the Covid-19 health emergency. Against challenges posed by the current pandemic, the United Kingdom and the Philippines commit “to support the global health response and efforts towards an inclusive, green and sustainable economic recovery”.
DTI Undersecretary Ceferino Rodolfo remarked:
Her Majesty’s Ambassador Daniel Pruce said:
The 2nd Economic Dialogue marks a step towards 75 years of formal ties between the UK and the Philippines in 2021. Both countries reaffirm their commitment through a Joint Partnership Statement that will boost bilateral trade and investment; encourage increased investments in key sectors such as aerospace, electronics, automotive and pharmaceuticals; pursue innovation and industrial collaboration; foster MSME development; enable key reforms and deepen programme partnerships, including through the UK Prosperity Fund in areas like health, education, low carbon energy, infrastructure, finance, business environment, intellectual property, and digital economy.