00:00Investment and Economic Affairs Advisor Frederick Goh described the recent discussions between the Philippines and the United States as productive,
00:09particularly on the issue of the 17% tariff imposed by the U.S. on Philippine exports.
00:16Goh stated that the United States also expressed support for the Luzon Economic Corridor,
00:21highlighting the approval of a grant by the U.S. Trade and Development Agency for the Subic-Clark-Manila-Batangas Rail Project.
00:30He emphasized the strategic significance of the Subic-Clark-Manila-Batangas Rail Project,
00:36which will connect the country's most critical ports, Subic, Manila, and Batangas,
00:41that together handle over 80% of port traffic nationwide.
00:46He highlighted the project's importance to industrial and trade development.
00:50The United States Trade and Development Agency has approved a $3.8 million grant to support this railway project.
