PBBM presents stable PH economy to South Korean businessmen during PH-Korea Business Forum

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Transcript

00:00President Ferdinand R. Marcos hailed today's PH Korea Business Forum as not just a partnership

00:06to spur economic development for both nations, but a deeper connection which cements their

00:12time-tested bonds that date all the way back to when Filipino and Korean soldiers dug themselves

00:18in and side-by-side in the trenches and foxholes to protect South Korea's democracy.

00:25Our Joshua Garcia hashes over the details of today's business forum on the anniversary

00:30of their friendly relations that just turned diamond.

00:36The diplomatic relations between the Philippines and South Korea has grown even stronger, particularly

00:42in their business ties.

00:43In today's Philippine-Korea Business Forum, where South Korea President Yun Suk-kyo was

00:47in attendance, President Ferdinand R. Marcos, Jr. proudly presented to Korean businessmen

00:53the stable economy of the country.

00:55This coincides with the ratified Philippines-Korea Free Trade Agreement, a step toward boosting

01:00trade, facilitating business, and fostering a vibrant digital economy.

01:04The recently ratified Philippines-Korea Free Trade Agreement elevates our relations by

01:10reducing or eliminating tariffs on key products such as agricultural goods, electronics, and

01:19automotive components.

01:21According to the chief executive, more than just a business partnership, what truly enriches

01:26this relationship between the two countries is the connection between their people, united

01:30by shared purpose, determination, and solidarity.

01:34This is the essence of true partnership, the ability to support one another as we ascend

01:41toward our shared goals, moving forward together with resolve, resilience, and the spirit of

01:48camaraderie.

01:49Aside from the Federation of Korean Industries, President Marcos, Jr. also recognized the

01:53Philippine Chamber of Commerce and Industry, or PCCI, the Department of Trade and Industry,

01:58the Department of Agriculture, and other government agencies and the private sector for their

02:02significant role in cooperation that will help develop the economy of both countries.

02:07Each of you, 12 Philippine and 12 Korean companies and organizations, bring a wealth of experience

02:15and expertise.

02:17Your presence symbolizes the cooperation that propels us towards a shared success.

02:22Together, let history record that this was the moment when our two nations embarked upon

02:29a journey of unprecedented growth and prosperity.

02:33Finally, the President expressed his gratitude for everyone's participation in hopes the

02:38country will achieve progress alongside South Korea in the years to come.

02:43Joshua Garcia, from the National TV Network, for A New and Better Philippines.

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