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Philippines and Canada Strengthen Economic Ties with $2.5B Investment Commitments
Photo: gmanetwork.com
2026-07-05 14:49   Trade   13

Philippines and Canada Strengthen Economic Ties with $2.5B Investment Commitments

President Ferdinand Marcos Jr.announced during a media briefing that his official visit to Canada resulted in $2.5 billion in investment commitments from Canadian firms.The agreements focus on key sectors like mining, critical minerals, energy, and IT-BPM (information technology-business process management).

Marcos emphasized the Philippines' commitment to fostering a competitive, sustainable economy and discussed establishing global AI hubs and learning centers to upskill the workforce.The investments come from companies such as B2Gold, OceanaGold, TELUS, and NQX, which are already operating in the Philippines.The president also highlighted ongoing negotiations for the Regional ASEAN-Canada Free Trade Agreement, aiming to strengthen economic cooperation.

The pledges reflect Canada's growing interest in Philippine markets and underscore the两国's collaborative efforts to boost economic growth and technological advancement.

Full reading at gmanetwork.com

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