US, Philippines to reach deal on economic security zone 'sooner rather than later', US official says
The pact would set industrial priorities for the zone as Pax Silica grows to 15 members and could add one or two more next month.
- The United States and the Philippines are expected to reach a deal on a long-term economic security zone "sooner rather than later," senior official Jacob Helberg said on Thursday at the ATX summit in Singapore.
- Last month's agreement made the Philippines the 13th country to join Pax Silica, a technology supply chain alliance that has grown rapidly from seven founding members last September to 15 members.
- Helberg visited a proposed 4,000-acre site in New Clark City on Monday, joined by representatives from Agility Robotics and Joby Aviation, demonstrating high interest from United States firms.
- While Washington moves forward with the framework, the Philippines has not agreed to a request for diplomatic immunity for the zone, the Philippines development authority chief told Bloomberg on Monday.
- Pax Silica is projected to reach 16 members by the end of next month, while both parties will set sectoral industrial priorities for economic activities within the zone.
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US, PH to reach deal on economic security zone soon – US official
SINGAPORE — The United States is expected to reach a deal on the long-term framework for an economic security zone with the Philippines "sooner rather than later," a senior US official said on Thursday.As Washington aggressively expands its technology supply chain alliance known as "Pax Silica," the official, Jacob Helberg, said both countries have a two-year window to work out the arrangements under a pact they signed last month.Both parties wi…
US, PH to reach deal on economic security zone 'sooner rather than later,' US official says
The Philippines is the 13th country to join Pax Silica, a program seeking to safeguard the full technology supply chain, from critical minerals and advanced manufacturing to computing and data infrastructure
US, Philippines to reach deal on economic security zone 'sooner rather than later', US official says
The United States is expected to reach a deal on the long-term framework for an economic security zone with the Philippines "sooner rather than later", a senior U.S. official said on Thursday.
US Pushes Hard To Seal Pax Silica With Philippines
The United States says it expects to finalise a new economic security framework with the Philippines soon, as Washington rapidly expands its “Pax Silica” technology and supply chain alliance across Asia. The post US Pushes Hard To Seal Pax Silica With Philippines appeared first on StratNews Global.
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