Kolkata (West Bengal) [India]: Philippines Ambassador to India, Josel Francisco Ignacio, reaffirmed his commitment to strengthening bilateral ties between the two nations, emphasizing trade, investments, and the restoration of direct air connectivity.
In an interview with media, the envoy acknowledged the 75th anniversary of India-Philippines diplomatic relations in 2024, highlighting the crucial role played by External Affairs Minister S. Jaishankar and Philippines Foreign Secretary Enrique Manalo in enhancing strategic cooperation.
Key Highlights:
- Growing Trade and Investment:
- India-Philippines trade reached USD 3 billion in 2023 and sustained this level in 2024.
- The Philippines is keen to expand trade baskets and negotiate a preferential trade agreement to boost exports and imports.
- Focus on enhancing Filipino investments in West Bengal and other Indian regions.
- Act East Policy’s Impact:
- India’s Act East Policy has significantly strengthened ties between India and Southeast Asia, particularly with the Philippines, over the past decade.
- The Philippines has benefited from India’s increased engagement with ASEAN.
- Restoration of Direct Air Connectivity:
- The Philippines and India are working towards restoring direct air connectivity between the two nations within 2025.
- The Ambassador expressed confidence that more airlines will follow in the coming years.
- EAM Jaishankar’s Role:
- Ambassador Ignacio praised Dr. S. Jaishankar’s strong commitment to fostering India-Philippines relations across trade, diplomacy, and connectivity.
The Philippines and India continue to deepen their partnership, leveraging mutual economic and strategic interests.