Home » World » “India has been a long-valued friend of the Philippines. Filipinos and Indians have had mutually beneficial interactions since pre-colonial times…Throughout our history, Philippine culture has been deeply enriched by our exchanges with the Indian civilization, which have long influenced our language, our literature, customs, and even our folklore,” President Ferdinand R. Marcos Jr. said when he delivered his departure statement at the Villamor Air Base in Pasay City. At the invitation of Prime Minister Narendra Modi, the President is embarking on a five-day State Visit to the Republic of India, highlighting the long-standing partnership between the two nations. In his speech, he underscored the steady and stable growth of Philippines–India bilateral relations, describing them as broad in scope and multifaceted in nature. He noted that this cooperation is reflected in sustained diplomatic engagements, deepening cultural and societal ties, stronger economic relations, and expanding institutional linkages across the public and private sectors. “With the Philippines being the oldest constitutional democracy in Asia, and [India being] our continent’s largest democracy, our two countries share several core interests, such as our democratic ideals, our respect for basic freedoms, and the preservation of a rules-based order in the international arena,” he continued. The Chief Executive expressed confidence that the two countries’ shared values and interests would promote deeper and more meaningful cooperation, advancing peace, stability, and prosperity in both nations and across the Indo-Pacific region. “There is much potential for cooperation with India that will mutually benefit our peoples. We intend to explore these by charting a plan of cooperation across a broad spectrum of shared interests: from defense, to trade, investment, health, pharmaceuticals, connectivity, agriculture, tourism, and many other areas,” he added. Furthermore, he will personally lead a business delegation to New Delhi and Bengaluru to meet with key industry leaders, especially in the Information Technology (IT) sector, to explore potential investment opportunities that will benefit both countries. “I want this visit to bring concrete benefits to the people, such as more affordable medicine and greater connectivity and food security. It is incumbent upon us, now more than ever, to maximize the opportunities in trade and investment with the world’s fourth-largest economy… I look forward to a productive visit and much closer Philippines-India relations,” President Marcos Jr. ended in his speech. | Radio Television Malacañang

“India has been a long-valued friend of the Philippines. Filipinos and Indians have had mutually beneficial interactions since pre-colonial times…Throughout our history, Philippine culture has been deeply enriched by our exchanges with the Indian civilization, which have long influenced our language, our literature, customs, and even our folklore,” President Ferdinand R. Marcos Jr. said when he delivered his departure statement at the Villamor Air Base in Pasay City. At the invitation of Prime Minister Narendra Modi, the President is embarking on a five-day State Visit to the Republic of India, highlighting the long-standing partnership between the two nations. In his speech, he underscored the steady and stable growth of Philippines–India bilateral relations, describing them as broad in scope and multifaceted in nature. He noted that this cooperation is reflected in sustained diplomatic engagements, deepening cultural and societal ties, stronger economic relations, and expanding institutional linkages across the public and private sectors. “With the Philippines being the oldest constitutional democracy in Asia, and [India being] our continent’s largest democracy, our two countries share several core interests, such as our democratic ideals, our respect for basic freedoms, and the preservation of a rules-based order in the international arena,” he continued. The Chief Executive expressed confidence that the two countries’ shared values and interests would promote deeper and more meaningful cooperation, advancing peace, stability, and prosperity in both nations and across the Indo-Pacific region. “There is much potential for cooperation with India that will mutually benefit our peoples. We intend to explore these by charting a plan of cooperation across a broad spectrum of shared interests: from defense, to trade, investment, health, pharmaceuticals, connectivity, agriculture, tourism, and many other areas,” he added. Furthermore, he will personally lead a business delegation to New Delhi and Bengaluru to meet with key industry leaders, especially in the Information Technology (IT) sector, to explore potential investment opportunities that will benefit both countries. “I want this visit to bring concrete benefits to the people, such as more affordable medicine and greater connectivity and food security. It is incumbent upon us, now more than ever, to maximize the opportunities in trade and investment with the world’s fourth-largest economy… I look forward to a productive visit and much closer Philippines-India relations,” President Marcos Jr. ended in his speech. | Radio Television Malacañang

Philippine President Marcos Jr. to Bolster Economic and Strategic partnership with India

MANILA – Philippine President Ferdinand Marcos jr. is embarking on a state visit to India, commencing February 10th, with a focus on expanding collaboration across a diverse range of sectors. teh trip aims to solidify a growing partnership between the two nations, capitalizing on india’s position as the world’s fourth-largest economy.

President Marcos Jr. highlighted a broad spectrum of shared interests, encompassing defense cooperation, increased trade volume, investment opportunities, advancements in healthcare and pharmaceuticals, improved digital connectivity, agricultural innovation, and the promotion of tourism. He emphasized the potential for mutual benefit thru deepened economic engagement.

A key component of the visit will be a business delegation led personally by President Marcos Jr. to New Delhi and Bengaluru. This delegation will engage with prominent industry figures, particularly within india’s thriving Facts Technology (IT) sector. The objective is to identify and cultivate prospective investment ventures that will contribute to economic growth in both the Philippines and India.

The President articulated a desire for tangible improvements in the lives of citizens as a direct result of the strengthened relationship. Specific goals include increasing access to affordable medicines, enhancing connectivity infrastructure, and bolstering food security within the Philippines. He noted the urgency of maximizing trade and investment opportunities globally.

This visit builds upon existing diplomatic efforts, including the establishment of a Joint Commission on Bilateral Cooperation in 1981, and recent increases in bilateral trade which reached $2.9 billion in 2022-23. The Philippines currently imports approximately $2.5 billion worth of goods from India annually,primarily pharmaceuticals,chemicals,and engineering goods,while exporting around $400 million,largely consisting of coconut oil and electronic components. the delegation will also explore potential collaborations in renewable energy and maritime security.

“I look forward to a productive visit and much closer Philippines-India relations,” President Marcos Jr. stated, signaling a commitment to a long-term, mutually beneficial partnership.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.