CITING “a highly successful and very productive” working visit to the United States by government officials, Speaker Martin G. Romualdez said the House of Representatives will now do its part to fulfill—through passage of pro-investment laws—the objectives of all bilateral trade and investment agreements.
Romualdez said the House of Representatives will help make these investment pledges come to fruition.
“If the President needs any piece of legislation to materialize the objectives of these bilateral trade and investment agreements, we will answer the call,” Romualdez said.
The lawmaker noted there are pending pieces of legislation aimed at fast-tracking the influx of foreign investments into the country that are also in line with the Marcos administration’s legislative agenda.
Romualdez listed these as the eCommerce Bill, the National Government Rightsizing Program, the eGovernance Act, amendments to the Electric Power Industry Reform Act and amendments to the Build-Operate-Transfer Law, among others.
“What is important is we all do our share in nation-building. We all hope to capitalize on the early gains of the Marcos administration in order to steer our economy back to its pre-pandemic growth,” he added.
President Ferdinand R. Marcos Jr. has held formal and informal bilateral meetings with leaders of Philippine key allies, such as the US and Japan, in recent weeks.
Marcos left for New York City last September 18 and attended the United Nations General Assembly where he met with UN Secretary-General Antonio Guterres to affirm the partnership between the Philippines and the UN.
The Chief Executive also addressed global investors, traders and other guests at the New York Stock Exchange (NYSE) where he was asked to ring the closing bell on the trading floor.
Marcos urged them to come to the Philippines and tap its potential as one of Asia’s fastest-growing economies.
Also, the President came from very successful state visits in Indonesia and Singapore where, the Palace said, he was able to bring in over $14 billion in investment pledges.
Image credits: congress.gov.ph