Department of Trade and Industry (DTI) Undersecretary and Board of Investments (BOI) Managing Head and Vice Chairperson Ceferino S. Rodolfo recently signed the declaration reflecting the Philippines’ joining of Pax Silica initiative, a positive-sum partnership of nations who want to remain competitive and prosperous.
Pax Silica hails a growing geopolitical consensus that economic security is national security and national security is economic security. Â
The United States welcomed the Philippines as the thirteenth Pax Silica signatory. It joins fellow signatories Australia, Finland, India, Israel, Japan, Qatar, Republic of Korea, Singapore, Sweden, the United Arab Emirates, the United Kingdom, and the United States. Additional signatories are expected to follow.
A close U.S. treaty ally, Philippines is seen to bring to Pax Silica key capabilities and human talent in technology manufacturing, including semiconductors and electronics.
Under the framework of Pax Silica, the United States and the Philippines also announced their plans to establish a 4,000-acre industrial hub in the Luzon Economic Corridor. The site is the first of its kind and is being offered by the Philippines as an Economic Security Zone, to surge production for inputs vital to U.S. supply chains.
The site is intended to serve as a staging point for a purpose-built platform for allied manufacturing, an investment acceleration hub where specific industrial activities can be shaped by market demand, host-country comparative advantages, and the evolving needs of the Pax Silica network.
Through the United States-Philippines Critical Minerals Framework and the Luzon Economic Corridor, the two allies are committed to strengthening shared supply chains in critical minerals, semiconductors, electronics, and other goods and attracting high-quality private sector investment critical to Pax Silica.
