“With continued collaboration, I am confident that our economic ties will expand further.”
Thus President Ferdinand R. Marcos Jr. on Monday highlighted the consistent progress in trade and business relations between the Philippines and Cambodia.
Speaking at the CEO B2B Networking Roundtable held in Phnom Penh as part of his three-day State Visit, President Marcos said the growing trade relationship reflects the strengthening ties between the two nations.
“Since 2022, our bilateral trade has demonstrated steady and encouraging growth, reflecting the increasing vitality and complementarity of our respective [economies],” President Marcos said.
“In 2024, total trade between our two countries reached USD 105.69 million, underscoring the growing demand for each other’s goods and services, and most importantly, the rising level of trust between our business communities,” the President added.
The President stressed that the steady growth in trade is a result of shared efforts of both governments in trade facilitation, policy alignment, and stronger private sector engagement.
President Marcos also expressed optimism for the future, calling on business leaders to continue strengthening partnerships and contributing to the ongoing success of bilateral trade.
“We cannot and should not rest on this momentum. There remains significant room to grow, untapped potential to explore, and opportunities that we must seize together. With continued collaboration, I am confident that our economic ties will expand further,” the President stressed.
The roundtable was organized by the Department of Trade and Industry, the Cambodia Chamber of Commerce, and the Philippine Chamber of Commerce and Business Association in Cambodia.
President Marcos emphasized that such platforms provide valuable opportunities for business communities to exchange ideas, forge partnerships, create jobs, stimulate investments, and foster innovation while promoting inclusive growth.
Meanwhile, President Marcos also called on business leaders to support the Philippines as it prepares to assume the Chairmanship of the Association of Southeast Asian Nations (ASEAN) in 2026.
“We are committed to working closely with Cambodia, as well as with all our ASEAN partners, to unite our efforts in advancing the shared aspirations that bind us as a community- striving towards a more prosperous and unified ASEAN that will serve the interests of our peoples and rise to the challenges of an ever-changing world,” said the President. PND
