Observers: US Investments in Philippines Seen Easing Reliance on China
Voice of America
U.S. Commerce Secretary Gina Raimondo and Philippine Department of Trade and Industry Secretary Alfredo Pascual attend a press conference in Paranaque City, Philippines, on March 11, 2024. Raimondo announced a plan for the U.S. to invest $1 billion in the nation's tech sector. Philippine coast guard personnel film a China coast guard vessel during a supply mission in the disputed South China Sea on March 5, 2024. Philippine officials say China coast guard vessels caused two collisions with Philippine boats and directed a water cannon at one of them.
During a trade mission visit to Manila this week, U.S. Commerce Secretary Gina Raimondo announced plans to invest more than $1 billion in the Philippines’ tech sector and help double the number of semiconductor factories in the country.
