WASHINGTON, March 10 (Reuters) - U.S. Commerce Secretary
Gina Raimondo is leading a presidential trade and investment
mission to the Philippines starting Monday as the United States
looks to fortify economic ties across the region.
Raimondo plans to tout the Philippines as a key hub for
regional supply chains and investment in support of the U.S.
Indo-Pacific Strategy during the visit on Monday and Tuesday.
She will then travel to Thailand for two days of meetings for a
presidential export council mission.
"We want to deepen our economic engagement in the
Indo-Pacific, which is dynamic - some of the fastest growing,
dynamic economies of the world," Raimondo said in an interview,
saying the trip aims to ramp up "our economic and commercial
ties in the Indo-Pacific."
Security engagements between the Philippines and the United
States have stepped up considerably under President Joe Biden
and his counterpart Ferdinand Marcos Jr, with both leaders keen
to counter what they see as China's aggressive actions in the
South China Sea and near Taiwan.
Raimondo said she is often asked if the United States is
asking countries in the Indo-Pacific to choose between China and
the United States.
"Absolutely not - but we want the United States to be the
economic partner of choice," Raimondo said. "For that to happen,
we have to show up and show up in the country with money, with
collaboration and consistently show up."
Raimondo
made a trip in China in August
where she met Chinese leaders and touted U.S. firms'
desire to do business in China.
The U.S. delegation to the Philippines includes
executives from 22 companies including United Airlines,
Alphabet's Google, Black & Veatch, Visa ,
EchoStar ( SATS )/DISH, United Parcel Service ( UPS ) ,
Boston Consulting Group, KKR Asia Pacific, Bechtel,
FedEx ( FDX ), Mastercard ( MA ) and Microsoft ( MSFT ), the
White House said.
United said last week it would launch new flights from
Tokyo-Narita to Cebu, Philippines starting July 31. Raimondo
said she hopes there will be new U.S. investment announcements
this week in the Philippines and that talks this week will lay
the groundwork for future commercial investments.
Raimondo's Thailand visit will focus on manufacturing,
supply chain resiliency, artificial intelligence, and clean
technology. In Bangkok, Raimondo will participate in a hybrid
meeting of the U.S-led Indo-Pacific Economic Framework for
Prosperity (IPEF) Ministerial with IPEF partners following
meetings in November.