Philippines, UAE pledge stronger economic ties as Marcos marks first visit
The Philippines and the UAE on Tuesday committed to boosting economic relations as Philippine President Ferdinand Marcos Jr. marked his first official trip to Abu Dhabi.
On his one-day trip, Marcos was received by UAE President Sheikh Mohammed bin Zayed. He is the first Philippine president to visit the UAE since Gloria Macapagal-Arroyo in 2008. During the meeting, the two leaders committed “to deepening cooperation in various areas, including economy, trade and sustainability,” Marcos’ office said in a statement.
“The two leaders emphasized their dedication to strengthening bilateral ties and delivering lasting benefits to their peoples, coinciding with the 50th anniversary of friendship and collaboration between their nations.”
The Philippines and the UAE celebrated 50 years of diplomatic relations on Aug. 19.
Emirati state news agency WAM cited Sheikh Mohammed as saying that he hoped the visit “would herald a new and significant chapter” in UAE-Philippine ties and that the UAE “looks forward to continuing discussions toward reaching a Comprehensive Economic Partnership Agreement with the Philippines to elevate trade and investment relations to new heights of mutual economic growth.”
Negotiations on the free trade deal have been underway between Philippine and UAE officials since the beginning of this year. The UAE is a key trading partner of the Philippines in the region and home to the second-largest Filipino diaspora after Saudi Arabia.
Some 700,000 overseas Filipino workers live and work in the UAE. Many are employed in the construction, healthcare and hospitality sectors.
Marcos was initially expected to meet representatives of the Filipino community, but his visit was shortened, with the Philippine Presidential Communications Office saying he would “immediately fly back to Manila to resume his personal supervision and inspection of the relief and reconstruction activities in communities devastated by six successive typhoons.”