DIPLOMATIC ECONOMY

By Godson Umejiego, Bureau Chief, The Americas The United States and the Philippines enjoy an alliance and partnership based on deep historical, economic, and cultural ties, and our shared democratic values. The United States and the Philippines stand together as friends, partners, and allies. Now and always, the U.S. commitment to the defense of the Philippines is ironclad, and we are committed to strengthening our economic and investment relationship. The Vice President’s travel to the Philippines reaffirms the bilateral alliance and will spur cooperation on a range of issues, including:...

By Godson Umejiego, Bureau Chief, The Americas Under Secretary for Political Affairs Victoria Nuland and Ecuadorian Minister of Foreign Affairs Juan Carlos Holguín signed an Open Skies Agreement between the two countries on November 16. Open Skies Air Transport agreements establish legal frameworks for international air transport to facilitate growth of an efficient, market-based international civil aviation system. This bilateral Open Skies Agreement enables the expansion of passenger and cargo flights between Ecuador and the United States, thereby promoting increased travel and trade, and ultimately spurring high quality job opportunities...

Pledge Support To Indo-Pacific Partners United States President Biden, Australian Prime Minister Albanese, and Japanese Prime Minister Kishida, Wednesday reaffirmed their commitment to work together with Indo-Pacific partners to meet their needs for high-quality, sustainable infrastructure. The three leaders said: “At the Partnership for Global Infrastructure and Investment (PGII) event at the G20 Summit, we announced that the United States International Development Finance Corporation (DFC) and Japan Bank for International Cooperation (JBIC) will, subject to final approvals, provide USD50 million each in credit guarantees for Export Finance Australia’s (EFA) financing...