[photo from 2023 IPBF, courtesy of IPBF (via IPBF website)]
The United States Government, through the U.S. Trade and Development Agency (USTDA), and the Government of the Philippines will co-host the 6th Indo-Pacific Business Forum (IPBF) on May 21, 2024 in Manila.
Government and business leaders from the United States, the Philippines, and across the Indo-Pacific will exchange ideas, explore regional government and business partnership, and discuss commercial opportunities.
The IPBF will showcase high-impact private sector investment and government efforts to support market competition, job growth, and high-standard development for greater prosperity and economic inclusion in the Indo-Pacific.
The IPBF advances a vision for an Indo-Pacific region that is free and open, connected, prosperous, secure, and resilient.
The Indo-Pacific region is seen to shape the trajectory of the global economy in the 21st century. It is the fastest growing region on the planet, accounting for 60 percent of the world economy and two-thirds of all economic growth over the last five years.
The U.S. remains a major economic partner in the Indo-Pacific. U.S. companies continue to be the top source of foreign direct investment in the region with nearly USD1 trillion in U.S. investments, and roughly the same invested in the United States by firms in the region. The U.S. also remains a major trade partner with more than USD2 trillion in two-way trade. Exports to the region and investments from the Indo-Pacific support almost 4 million U.S. jobs.
Together with the Philippine co-hosts, the U.S. counterparts are underscoring their sustained commitment to the region and highlighting the economic ties that have contributed to regional prosperity and interconnectedness.
