United States (US) Embassy in the Philippines Chargé d’Affaires ad interim (CDA) Heather Variava visited the Clark Freeport and Special Economic Zone to highlight the impact of US support for economic development in Central Luzon.
Variava went to the FedEx Clark Gateway, the US shipping and logistics company’s major investment in the Clark Freeport on June 17. This 17,000-square-meter facility supports the Philippines’ growing e-commerce demand and small-and-medium-sized industries that are helping drive the country’s economic recovery from the Covid-19 pandemic. FedEx already employs hundreds of Filipinos at the facility and plans to expand operations further in the coming years.
In a meeting with the American Chamber of Commerce, Variava discussed the impact of US investments in Central and Northern Luzon. US companies create thousands of local jobs, enhance the region’s economic development, and conduct charitable activities that help improve the lives of the area’s residents.
“As President Biden said during the launch of the Indo-Pacific Economic Framework, the future of the 21st century economy is going to be largely written in our region—the Indo-Pacific,” said Variava. “This why we are grateful for the investment that are being poured into the Philippines by American businesses, which support our longstanding commitment to the shared prosperity of our two nations.”
Article by The Manila Times
