The Philippines is set to host a US delegation of approximately 25 executives and investors this month, according to the Philippine Trade and Investment Center (PTIC) in New York.
The main goal of the five-day visit is to create stronger economic ties and encourage more US companies to invest in the country's growing economy, as stated in a recent PTIC statement.
The delegation will participate in business meetings, informational briefings, and tours of major economic areas in Manila, Clark, and Subic, as well as Corregidor Island.
The trip comes at a time when the Philippines is actively working to welcome international businesses and establish itself as a key partner for US companies looking to grow in Asia.
The delegation will also attend a business forum hosted by Philippine banks, business groups, and the American Chamber of Commerce of the Philippines.
The agenda includes discussions on various sectors such as green energy, banking, phone and internet services, manufacturing, housing, tourism, and shipping.
The visit aims to provide opportunities to showcase the Philippines' growing digital network and skilled workforce.
The visit follows the Philippines' inclusion in the Washington-backed Pax Silica bloc, an initiative to secure global artificial intelligence (AI) supply chains.
As part of Pax Silica, the Philippines has developed a 1,618-hectare AI-native hub in New Clark City in Tarlac, which is expected to attract AI and chip manufacturing investment.
The Philippines is also a major partner in the Luzon Economic Corridor, a multinational effort to enhance the connectivity of key Philippine hubs like Metro Manila, Clark, Subic, and Batangas.
The delegation's visit is organized by the PTIC in New York and the Philippine Consulates General in New York and Chicago.
