Promoting Inclusive Economic Growth and Resilience at the Philippines-U.S.-Japan Trilateral Summit

In the recent Philippines-U.S.-Japan Trilateral Summit, the leaders of the three nations have agreed to advance a robust economy and equitable progress. Here are the key details:

The leaders have committed to pursuing economic projects that promote broad-based and sustainable economic growth. They aim to invest in resilient, reliable, and diversified supply chains, fostering an environment conducive to inclusive economic growth.
They conveyed their support for the continued progress of the Indo-Pacific Economic Framework for Prosperity (IPEF). This framework is seen as a significant step towards achieving shared objectives and strengthening economic ties in the Indo-Pacific region.
The leaders also committed to facilitating the steady implementation of ongoing and future economic cooperation projects. These initiatives are geared towards the Philippines’ attainment of upper middle-income country status and beyond, marking a significant milestone in the nation’s economic journey.
The summit stressed the importance of a rules-based economic order. The leaders underscored the need for close coordination in dealing with economic coercion, emphasizing the importance of maintaining a fair and equitable economic landscape.

This summit signifies a strong commitment among the three nations to foster economic resilience and promote inclusive growth, setting a positive trajectory for future collaborations.