Latest news with #FerdinandRomualdezMarcosJr
New Indian Express
5 days ago
- Business
- New Indian Express
Philippines and India natural partners, says Marcos Jr at Bengaluru event
BENGALURU: President of the Philippines Ferdinand Romualdez Marcos Jr welcomed deeper collaboration with Indian industry across key sectors such as advanced electronics, pharmaceuticals, renewable energy, digital innovation, and infrastructure among others during the 'Philippines-India Business Forum 2025' held in Bengaluru on Thursday. The event, organised by Department of Trade and Industry, Philippines, in collaboration with FICCI, brought together top government officials, business leaders, and trade representatives from both nations and marked a significant step forward in strengthening bilateral commercial relations. President Marcos stated that with the Philippines undertaking major structural reforms to improve ease of doing business — such as the CREATE MORE Act, Green Lanes for priority investments, and workforce-aligned education — the country signals its readiness as a reliable partner for capital, technology, and talent. 'India and the Philippines are natural partners — bound by shared values, complementary strengths, and a common vision for inclusive and sustainable development. We are undertaking bold reforms to ensure the Philippines is a globally competitive, future-ready destination for investment. I invite Indian businesses to see the Philippines not just as a market, but as a strategic partner in shaping the industries of tomorrow — be it in semiconductors, clean energy, digital solutions, or healthcare. Together, we can build a resilient, innovative, and prosperous future for our peoples and the region,' said Marcos.
Mint
7 days ago
- Business
- Mint
Philippines, India taking concrete steps towards launching formal trade talks: President Marcos
New Delhi, Aug 6 (PTI) India and the Philippines are taking concrete steps towards launching formal negotiations for a Preferential Trade Agreement, Philippines President Ferdinand Romualdez Marcos Jr said on Wednesday. Addressing the 'India-Philippines CEO Roundtable Meeting', organised by FICCI, here, President Marcos emphasised that the Philippines and India see the PTA as a strategic platform to harness their shared strengths and elevate our economic partnership. "We are working to find common ground to make the PTA come as quickly as possible. We have found ways to quicken the process with strong support from both government and business chambers, we are taking concrete steps towards launching formal negotiations," he said, according to a release issued by FICCI. Marcos also stated that the government has taken a slew of measures to attract more Indian investments by ensuring ease of doing business in the Philippines. "These reforms show our commitment to create a truly enabling environment for investors, including our valued partners in India. We are encouraged by the growing momentum in our bilateral trade, which reached USD 3.3 billion in 2024-2025 and there is a scope to achieve exponential growth," he added. He further said that the Philippines Department of Trade and Industry will work with Indian counterparts, to soon convene the meeting of Joint Working Group on trade and investment. "We are not only going to have meetings of joint working group on trade and investment, but we will also granulate down to industry-specific working groups," Marcos noted. Piyush Goyal, Minister of Commerce & Industry, said that India and the Philippines are celebrating 75 years of unwavering friendship, diplomatic relations, and there is huge potential before us in the years to come. The bilateral trade, he said, today is very low and starting from a low base our ambitions should be huge. "This is one partnership where we should only aim for exponential growth and not be satisfied with incremental growth at all. Let us work together and collaborate in areas like healthcare, pharmaceuticals, information technology, science, innovation and agriculture," he stressed. Goyal also stated that both nations are working on a Preferential Trade Agreement, and have finalised the terms of reference.
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Business Standard
7 days ago
- Business
- Business Standard
Trade talks with India to begin soon: Philippines President Marcos
India and the Philippines are taking concrete steps towards launching formal negotiations for a Preferential Trade Agreement, Philippines President Ferdinand Romualdez Marcos Jr said on Wednesday. Addressing the 'India-Philippines CEO Roundtable Meeting', organised by FICCI, here, President Marcos emphasised that the Philippines and India see the PTA as a strategic platform to harness their shared strengths and elevate our economic partnership. "We are working to find common ground to make the PTA come as quickly as possible. We have found ways to quicken the process with strong support from both government and business chambers, we are taking concrete steps towards launching formal negotiations," he said, according to a release issued by FICCI. Marcos also stated that the government has taken a slew of measures to attract more Indian investments by ensuring ease of doing business in the Philippines. "These reforms show our commitment to create a truly enabling environment for investors, including our valued partners in India. We are encouraged by the growing momentum in our bilateral trade, which reached $ 3.3 billion in 2024-2025 and there is a scope to achieve exponential growth," he added. He further said that the Philippines Department of Trade and Industry will work with Indian counterparts, to soon convene the meeting of Joint Working Group on trade and investment. "We are not only going to have meetings of joint working group on trade and investment, but we will also granulate down to industry-specific working groups," Marcos noted. Piyush Goyal, Minister of Commerce & Industry, said that India and the Philippines are celebrating 75 years of unwavering friendship, diplomatic relations, and there is huge potential before us in the years to come. The bilateral trade, he said, today is very low and starting from a low base our ambitions should be huge. "This is one partnership where we should only aim for exponential growth and not be satisfied with incremental growth at all. Let us work together and collaborate in areas like healthcare, pharmaceuticals, information technology, science, innovation and agriculture," he stressed. Goyal also stated that both nations are working on a Preferential Trade Agreement, and have finalised the terms of reference. "We can use this as a basis for strengthening our bilateral ties and expanding businesses in both nations. As we move towards becoming the third-largest economy in the world in the next couple of years and as we take Indian economy from the current $ 4 trillion to $ 30 trillion by 2047, we would look at the Philippines as our trusted partner," he emphasised.
Times of Oman
05-08-2025
- Business
- Times of Oman
India-Philippines sign 14 MoUs increasing maritime, defence, tourism cooperation; take forward Preferential Trade Agreement talks
New Delhi: India and the Philippines signed and exchanged 14 Memoranda of Understanding (MoUs) on Tuesday, looking to increase cooperation across sectors, including sharing the terms of reference for the negotiations for the Preferential Trade Agreement (PTA). The multiple MoUs were exchanged in the presence of Prime Minister Narendra Modi and Philippines President Ferdinand Romualdez Marcos Jr. today boosting ties between both the nations and enhancing their trade relations. Notably, this is President Marcos' first state visit, with both countries celebrating 75 years of strong diplomatic relations. The MoUs include cooperation in digital technologies, space, science, and tourism, and also increased cooperation between the armed forces and the coast guard, External Affairs Secretary (East) P Kumaran said in MEA media briefing in the national capital. There was adoption of Terms of Reference for the negotiations on a Preferential Trade Agreement between India and the Philippines. Incidentally, Indian and Philippine navies wrapped up their maritime cooperative activity (MCA) in the South China Sea, the first joint patrol of India and the Philippines in the waters contested by multiple countries, including China, Indonesia, Malaysia, the Philippines and Taiwan, among others. Three Indian naval vessels- involved three Indian naval vessels - a guided missile destroyer INS Delhi (D-61), and an anti-submarine corvette INS Kiltan (P-30) and the fleet replenishment tanker INS Shakti (A-57). The MoUs also include mutual legal assistance in criminal matters, a treaty on transfer of sentenced persons, and mutual legal assistance in criminal matters. 'Several MoUs were concluded and exchanged during this visit, there were 14 of them, these include mutual legal assistance treaty in criminal matters, a treaty on transfer of sentence persons, terms of reference on negotiations for India-Philippines Preferential Trade Agreement, terms of reference for service staff talks, Army, Air Force, and Navy, enhanced cooperation between coast guards,' MEA secretary Kumaran said during the ministry's special briefing. 'Cooperation in space, cooperation programme, cooperation in programme of science and technology, MoU for cooperation in digital technologies, and an implementation program for tourist cooperation,' he added. Prime Minister Modi and President Marcos also issued a commemorative stamp, themed on national flowers, Lotus for India and Sampaguita, a variety of jasmine for the Philippines. The MEA secretary has said that both countries have adopted a plan of action for 2025-2029, to guide bilateral cooperation under the elevated strategic partnerships across sectors. 'During the visit both PM Modi and President Marcos have agreed to elevate India-Philippine Strategic Partnership aimed at further our engagement including political cooperation, defence, maritime cooperation, trade and investment cooperation, health and pharma, cooperation in science and technology, space, connectivity, digital economy, fin tech, consular matter, culture, tourism and people to people exchanges and closer cooperation in regional multilateral and international issues at mutual interest. Adopted a plan of action for the period of 2025 to 2029 to guide our cooperation under the elevated strategic partnership,' Kumaran said. Earlier, Philippine President Ferdinand R Marcos Jr, addressing a joint press conference with PM Modi, hailed their strategic partnership, highlighting the agreement to cooperate on the defence and security sectors. "Today, India becomes only the fifth strategic partner for the Philippines. This new apex attests as much to the remarkably rapid growth, broadening and deepening of our 75-year-old bilateral relationship, the possibilities represented by the strong upward trajectory of our true economies as it does to the growing alignment of our interests and views on the challenges and imperatives of our time," he said. PM Modi too, at the press conference, emphasised the deep-rooted connection between India and the Philippines, stating that the two nations are "friends by choice and partners by destiny." Higlighting the 75th anniversary of diplomatic relations between the two countries, PM Modi stated that "our diplomatic relations might be new, but the connection between our cultures is very ancient. The Philippines' Ramayana - Maharadia Lawana are living proof of our centuries-old cultural ties." Declaration on the Establishment of Strategic Partnership between the two countries and the India-Philippines Strategic Partnership: Plan of Action (2025-29) MoUs included Terms of References between the Indian Air Force and the Philippine Air Force on Air Staff Talks; between the Indian Army and the Philippine Army on Army-to-Army Staff Talks and between the Indian Navy and the Philippine Navy on Navy-to-Navy Talks An MoU on the Treaty on Mutual Legal Assistance in Criminal Matters between the two countries and a Treaty on Transfer of Sentenced Persons between India and the Philippines was also signed. Programme of Cooperation in the field of Science and Technology for the period of 2025-2028 between the Departments of Science and Technology of the two countries was signed. Among the list of MoUs signed was one on the implementation Program for tourism cooperation for 2025-2028 between the two countries. Gratis e-tourist visa facility extended to Filipino nationals for a period of one year (from August 2025). An Memorandum of Understanding was signed between the two countries in the Field of Digital Technologies was also signed A Statement of Intent between Indian Space Research Organisation (ISRO) and the Philippine Space Agency on cooperation on the Peaceful uses of Outer Space was signed. There was an MoU on the Terms of Reference for Enhanced Maritime Cooperation between the Coast Guards of the two countries. Cultural Exchange Programme between the two countries was agreed on. India also agreed to extend support on a pilot project for setting up of the Philippines' Sovereign Data Cloud Infrastructure.
Malaysia Sun
05-08-2025
- Politics
- Malaysia Sun
Philippines President holds talks with PM Modi at Hyderabad House
New Delhi [India], August 5 (ANI): Philippines President Ferdinand Romualdez Marcos Jr on Tuesday met Prime Minister Narendra Modi at Hyderabad House during his maiden State Visit to India. Earlier in the day, President Marcos Jr was accorded a ceremonial welcome at the forecourt of Rashtrapati Bhavan, where he was received by President Droupadi Murmu and Prime Minister Modi. As part of the welcome, the visiting dignitary was presented with a Guard of Honour. In a post on X, the Ministry of External Affairs (MEA) said, 'A special welcome for a special partner! President Ferdinand Romualdez Marcos Jr of the Philippines, on his maiden State Visit to India, was welcomed by a Guard of Honour & ceremonial welcome. Warmly greeted by President Droupadi Murmu and PM Narendra Modi at the forecourt of Rashtrapati Bhavan.' Rashtrapati Bhavan also posted on X, stating, 'President Droupadi Murmu accorded a ceremonial welcome to H.E. Mr Ferdinand Romualdez Marcos Jr., President of the Republic of the Philippines at Rashtrapati Bhavan.' Addressing the media at Rashtrapati Bhavan, Marcos Jr said the world now refers to what was once the Asia Pacific Region as the Indo-Pacific Region. 'Indo Pacific is the correct evolution of Asia Pacific,' the visiting Philippines President said while addressing reporters at the forecourt of the Rashtrapati Bhawan in the national capital today. Marcos said that this is a reaffirmation of the alliance between Indian and the Philippines. On Monday, he held talks with External Affairs Minister S Jaishankar as he marked the beginning of his five-day state visit to the country. This is the first visit by the President of the Southeast Asian country to India since he assumed office back in 2022, marking a significant milestone, as his visit aligns with the celebration of the 75th anniversary of diplomatic ties between the two nations. He is accompanied by First Lady Louise Araneta Marcos and a high-level delegation, including several Ministers from his Cabinet. The Philippines' President is visiting India from August 4-8. (ANI)
