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Recto floats FTA with US executives
The Philippine Star
|January 24, 2024
Finance Secretary Ralph Recto has floated the potential of a free trade agreement (FTA) with the United States as he seeks more economic and investment opportunities with the world's biggest economy.
In a statement, the Department of Finance (DOF) said Recto recently met with US officials, led by Treasury Department deputy assistant secretary for Asia Robert Kaproth, to discuss efforts that could strengthen ties and boost economic and investment cooperation between the two countries.
During the meeting, Recto brought up the potential of having an FTA with the US and further enhancing security and military ties.
The DOF, however, did not elaborate on how the US officials responded to Recto's bringing up the topic.
US Trade Representative Ambassador Katherine Tai said in April last year that a bilateral FTA is not part of ongoing negotiations between the two nations.
This story is from the January 24, 2024 edition of The Philippine Star.
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