US trade agency, Neda work on PH infra projects

The United States Commerce Department, through its International Trade Administration (ITA), has forged a partnership with the Philippines’ National Economic and Development Authority (Neda) to cooperate on the much needed infrastructure projects to be rolled out by the government.

In a statement, the ITA said a memorandum of cooperation (MOC) was signed between the two agencies for the establishment of the US-Philippines Infrastructure Collaboration Platform. Under the agreement, the Neda and ITA are expected to share information and work closely together on priority sectors and projects. This will allow interested US-based companies to participate in infrastructure projects in the Philippines.

“We are pleased to welcome Neda as a partner to support US business efforts to assist local Philippine governments with their infrastructure needs. The MOC will expand the US-Philippine commercial relationship, and foster economic growth and create jobs in both our countries,” said US Undersecretary of Commerce for International Trade Stefan M. Selig.

This collaboration is part of the US government’s National Export Initiative (NEI), a customer service-driven strategy with improved information resources that will enable American businesses to capitalize on expanded opportunities and sell their goods and services in foreign countries, including the Philippines.