Marcos to seek stronger trade, defense ties with US

President Marcos will press for deeper economic and security cooperation with the United States during his official visit to Washington, D.C. from July 20 to 22, the Department of Foreign Affairs (DFA) said.

- ARGYLL CYRUS GEDUCOS

In a press briefing in Malacañan, DFA Assistant Secretary Raquel Solano said the trip aims to strengthen the alliance and pursue opportunities for trade and defense cooperation between the two countries.

“During the visit, the two leaders [Marcos and Trump] will discuss closer cooperation in economic, defense, and security matters of common interest,” she said.

“The President’s official visit also aims to address the US tariff proposed to be levied on Philippine exports. The two presidents are also expected to discuss regional and international issues of common concern and how to further strengthen people-to-people ties,” she added.

A top agenda item is addressing the 20-percent tariff imposed on Philippine exports to the US, which previously stood at 17 percent. A Philippine trade team is currently in Washington negotiating to lower the rate.

"We hope to arrive at a bilateral trade agreement or a deal on reciprocal trade that is mutually acceptable, mutually beneficial for both our countries," she said.

Marcos is also set to meet with American business leaders already planning investments in the Philippines.