PGMA cements RP-US trade, diplomatic relationship

August 2, 2009 12:14 pm 

By Joel C. Atencio

MANILA, Aug. 2 – President Gloria Macapagal-Arroyo has "cemented" the Philippines-United States diplomatic and trade relations as well as increased political and economic cooperation during her meeting with US President Barack Obama

President Arroyo made this statement during a meeting with the Filipino-American (Fil-AM) community in New York City over dinner on Saturday evening (Sunday morning in Manila). It was aired live over state-run DZRB (national radio).

She said the meeting mainly delved on anti-terrorism efforts, fighting climate change, and improving economic ties.

She said they had agreed to strengthen the Trade and Investment Facilitation Agreement between the two countries to allow better access to Philippine agricultural products such as banana and carrageenan.

The Philippines also called for the passage of the US Save our Industries Act of 2009 that will allow greater access for local garment products, according to the President.

Mrs. Arroyo said the US was very "essential to the economic, diplomatic, and national security of our country" as she thanked President Obama for advancing "soft power" in Mindanao by building bridges, roads and schools.

She also expressed gratitude towards the Obama administration’s willingness to assist in moving peace talks with Muslim secessionists forward.

She also thanked the US president for including benefits for Filipino war veterans in the US fiscal stimulus package.

President Arroyo also met with other US officials during her trip to Washington to advance various local issues.

Earlier, President Arroyo met with American businessmen in New York City, New York USA, including the officials of Market America, a product brokerage and Internet marketing company that specializes in One-to-One Marketing established in 1992.

To ensure the continued economic growth of the Philippines, President Arroyo met with Chardan Capital executives led by George Kaufman, and Andrew Intrater, CEO of Columbus Nova.

According to Chardan Capital geographically, the strategic location of the Philippines presented the best opportunity for developing the most ideal logistic center in the whole Asia Pacific Area.

Chardan Capital is a merchant bank dedicated to working closely with medium sized enterprises in the People’s Republic of China.

Chardan’s flexible and wide ranging financial service offering, made possible through the wealth of experience of its senior management, includes corporate finance, mergers and acquisitions, and advisory and consulting services. (PNA)

RMA/JCA

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