The virtual dialogue was led by the Philippine department of trade and industry undersecretary Ceferino Rodolfo and British ambassador to the Philippines Laure Beaufils.
The dialogue is the first manifestation of the new enhanced partnership agreed by the UK department of foreign affairs secretary Teodoro Locsin, Jr., and UK foreign secretary Locsin and secretary Liz Truss in November 2021, said a UK government release.
Both sides agreed to continue coordination on trade policy, regional trade interests and multilateral engagement, in addition to a regular dialogue on market access issues and investment opportunities.
Ambassador Beaufils underscored his country’s commitment to deepen inclusive and sustainable economic development ties with the Philippines as well as to explore opportunities for regional opportunities in light of the United Kingdom’s conferment as ASEAN Dialogue Partner and the Philippines’ role as ASEAN Economic Coordinator for the UK.
Both countries reaffirmed the outcomes of the 3rd Economic Dialogue through a joint partnership statement, according to UK government press release.
The areas that need focus for post-pandemic economic recovery include economic reforms that enable strong bilateral and regional linkages, capacity building and sharing of expertise and best practices between both countries, aligned with the United Nations Sustainable Development Goals and the Philippine Development Plan.
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