G7’s infra partnership program PGII to fund 1st Asia-Pacific ‘economic corridor’ in PHL

President Joe Biden, center, Philippine President Ferdinand Marcos Jr., left, and Japanese Prime Minister Fumio Kishida pose before a trilateral meeting in the East Room of the White House in Washington, Thursday, April 11, 2024.

“I’m proud to announce we’re launching an economic corridor in the Philippines as part of the G7’s Partnership for Global Infrastructure and Investment. This is the first corridor in the Indo-Pacific,” Biden said in his opening statement for the trilateral meeting held in the White House in Washington D.C. on Thursday.

The International Development Finance Corporation of the US will establish its first regional office in the Philippines to help set up the corridor. Both countries also committed to provide world-class semiconductor training to Filipino students through American and Japanese universities and to help Philippine transition to clean energy by providing it capacity-building in developing its civil nuclear energy program.President Ferdinand R. Marcos Jr. welcomed the meeting, which will pave the way to more trilateral maritime exercises and joint development cooperation among the three participating countries.

“In order to secure peace and prosperity in the Indo-Pacific Region, I hope to reaffirm our intention to further strengthen our trilateral cooperation and to present specific ways forward in today’s meeting,” Kishida said. Biden affirmed that the US defense commitment not only to Japan, but also to the Philippines, remains ironclad.

Source: News Formal (newsformal.com)

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

G7’s infra partnership program PGII to fund 1st Asia-Pacific ‘economic corridor’ in PHLTHE Philippines is set to receive fresh investments in critical sectors as it becomes the beneficiary of a new 'economic corridor' under the Partnership for Global Infrastructure and Investment Initiative (PGII) of the Group of 7 (G7).
Source: BusinessMirror - 🏆 19. / 59 Read more »

K-pop boy band BtoB makes Manila 1st stop of ‘Our Dream’ Asia tourEven before the proper presscon began, Filipino fans of the South Korean boy band BtoB (Born to Beat), called Filo Melodies, couldn’t contain their excitement to see their K-pop idols during the event.
Source: PhilstarNews - 🏆 1. / 94 Read more »

Efficient Brownlee, Pelita Jaya sweep 1st round of BCL Asia QualifiersJustin Brownlee drops 18 points on 7-of-9 shooting as Pelita Jaya routs Adroit Club to close out the opening round of the Basketball Champions League Asia Qualifiers with a 3-0 record
Source: rapplerdotcom - 🏆 4. / 86 Read more »

HOKA Trilogy Run Asia kicks off 1st of 19 races on April 7The HOKA Trilogy Run Asia is putting its best foot forward as it launches its massive 2024 series on April 7 at the SM Mall of Asia Complex.
Source: PhilstarNews - 🏆 1. / 94 Read more »

Anne Curtis guests on '24 Oras,' bares 'It's Showtime pasabog' on 1st GMA-7 airingAnne Curtis joined regular 'Chika Minute' presenter Iya Villania where they talked about motherhood, her family's recent trip to Taiwan, and 'It's Showtime' on GMA-7. 
Source: PhilstarNews - 🏆 1. / 94 Read more »

Familiar bond between Rain or Shine, Nambatac remains after 1st encounterRain or Shine claims its third straight win at the expense of its former player Rey Nambatac as it completes its comeback against Blackwater
Source: rapplerdotcom - 🏆 4. / 86 Read more »