US trade mission explores more Subic Freeport investments

SUBIC BAY FREEPORT – A delegation of United States (US) business executives and investors explored potential investment opportunities here during a trade mission aimed at strengthening economic ties under the Luzon Economic Corridor (LEC).

Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose Aliño said in a statement on Tuesday that the 25-member delegation from the U.S. Northeast, Midwest and West Coast visited the freeport on July 8 as part of a business mission that was themed as “Driving the Future of U.S.–Philippine Trade Through Innovation.”

Aliño said the visit underscores the SBMA’s efforts to attract foreign investment by promoting the freeport as a strategic hub for trade, logistics and manufacturing while expanding cooperation between U.S. and Philippine businesses.

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During the visit, the delegates participated in investment briefings, site inspections and networking activities with SBMA officials and representatives of locator companies to learn more about business opportunities.

Officials of the Subic Bay Freeport Chamber of Commerce (SBFCC), led by President Benjamin Antonio III and Executive Director Donna May Tamayo, also joined the discussions, highlighting the freeport’sbinvestment potential and opportunities for long-term business partnerships.

The mission was organized by the Philippine Trade and Investment Center (PTIC) in New York, which said the initiative aims to deepen economic cooperation and encourage more American companies to invest in the country.

Aside from Subic, the delegation also visited Manila, Clark and Corregidor Island for business meetings, investment briefings and site tours of key economic areas identified under the Luzon Economic Corridor.

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“The trip comes at a time when the Philippines is actively working to welcome international businesses and establish itself as a key partner for US companies looking to expand in Asia,” the PTIC said.

Representatives from Worldwide Shipping & Logistics (WSL), which was part of the delegation, said the mission opened new opportunities for trade and investment while strengthening economic cooperation between the two countries.

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READ: US investment arm keen on Pax Silica, Luzon Economic Corridor

The trade mission comes as the country seeks to position itself as a regional investment destination following its inclusion in the US-backed Pax Silica initiative, which aims to strengthen global artificial intelligence supply chains.

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Under the initiative, the Philippines and the United States announced plans in April to develop a 1,618-hectare AI-native hub in New Clark City, Tarlac, expected to attract investment in artificial intelligence and semiconductor manufacturing./coa