PBBM, binigyang-diin ang kahalagahan ng pagiging host ng bansa sa 2024 Philippine Strategic Trade Management Summit

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00:00President Ferdinand R. Marcos Jr. agreed on the importance of hosting the country in the 2024 Philippine Strategic Trade Management Summit

00:09because it will help strengthen the trade and trade relations in the Philippines.

00:14Bian Manalo has more.

00:18The expansion of trade and trade relations towards the development of the Philippines.

00:23This is what President Ferdinand R. Marcos Jr. agreed on in his statement at the 2024 Philippine Strategic Trade Management Summit today.

00:33According to President Marcos Jr., this is a historic event for the Philippines

00:38because this is the first time that the country has become a host country in the Trade Management Summit.

00:44The United States Ambassador to the Philippines, Her Excellency Merikey Carlson, and other officials from the U.S. government also attended the summit.

00:53This demonstrates our faith in the power of collaboration to improve and secure our global supply chains

01:01as well as to open our doors for trade to flourish, for wealth to grow, and for people to prosper.

01:08In the next three years, Southeast Asia will lead the global discussion on export control of strategic goods,

01:16such as those used in the production of arms.

01:19According to the President, this is the way to strengthen the ties of nations in Asia and partners from all over the world.

01:28The Executive Board of the Philippines also emphasized the importance of technology in trade management.

01:34The world is growing more complex with emerging technologies, both in civilian and military fields, posing challenges in trade management.

01:44The rapid pace of advancement demands us to be more agile, more responsible,

01:49and it requires us to address both the speed and dual-use nature of these new technologies.

01:56This is also what will contribute to the security of the entire region of Southeast Asia.

02:01The government launched the Strategic Investment Plan in order to strengthen the position of the Philippines in the global market.

02:11In addition to this, the government also formed police forces to establish STMAs and implement programs

02:18to effectively comply with the regulations, not only the border control officers, but also the stakeholders.

02:25The government is also conducting post-authorization audits, compliance checks, and compliance consultations

02:32through monitoring and inspection activities.

02:36Let this occasion be a reminder to renew important conversations,

02:40and to reinforce our commitment to creating what we refer to as Bagong Pilipinas,

02:46that is not only safe and secure, but filled with promising opportunities for all.

02:53President Marcos Jr. also assured that the government will continue to upgrade industry standards

03:00and strengthen the connection through various trade and investment frameworks.

03:07BN Manalo for Pambansang TV in Bagong Pilipinas.

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