00:00Meanwhile, the government is set to negotiate with the United States to lower the 20% reciprocal tariff on Philippine exports set to take effect on August 1.
00:10Special assistant to the president, Frederick Goh, said the move is concerning, but the economic partnership remains strong.
00:17Goh, along with DTI Secretary Cristina Roque and other officials, will travel to the United States next week for trade talks,
00:26including possible discussions on a bilateral free trade agreement.
00:30He stressed that key exports such as semiconductors are largely exempt for now, a silver lining amid the tariff issue.
00:38The economic team, the DTI, will continue to advance key economic reforms to sustain a competitive and investor-friendly business environment
00:49and to try to build more trade relationships with other countries all over the world
00:56to create more market opportunities for our business enterprises dito po sa Pilipinas.
