The Philippines pushed for a stronger partnership with the United Kingdom as the country sustains its recovery from the global health crisis despite the risks coming from external front.
Finance Secretary Benjamin Diokno, speaking at the Philippine Economic Briefing at the UBS Auditorium, in London on Jan. 26, announced that the gross domestic product growth last year beat expectations at 7.6 percent, the fastest in 46 years.
Alistair White, Deputy Ambassador to the British Embassy in Manila, regarded the Philippines’ 7.6-percent growth last year as a phenomenal indicator of the country’s trajectory.
The Philippines was identified as a priority country for British investment partnerships, and with that, the UK government will be one of the first partners to work on the Philippines’ New Clark City for a sustainable and inclusive design. Together with the Bases Conversion and Development Authority, they will explore partnerships on how to make the city into a mega metropolis.
Richard Graham, member of parliament for Gloucester and Prime Minister’s Trade Envoy of the UK Department for International Trade, underscored the high level of trust between the Philippines and the UK when it comes to investment and trade.
