Japan Bank for International Cooperation (JBIC) is keen on participating in the development of a waste-to-energy project that would contribute to the Philippines’ efforts towards a clean energy transition.
Secretary Alfredo Pascual of the Department and Industry in his meeting with Minister Saito Ken of Japan in Singapore last week discussed potential areas of cooperation, particularly in clean energy, trade, and investment.
Both countries also discussed the potential for collaboration in the critical minerals sector, particularly in developing resilient and reliable global supply chains.
The Philippines expressed its strong interest in joining the Critical Minerals Agreement, which would further strengthen cooperation in this area.
The Philippines also pushed for the resumption of the General Review of the Philippines-Japan Economic Partnership Agreement, emphasizing that the agreement aims to expand economic ties beyond trade in goods, covering areas like services trade, digital economy, and sustainability.
“Building on the successful trilateral meeting between the United States, Japan, and the Philippines, we are eyeing more opportunities to strengthen our existing bilateral trade and economic partnership with Japan,” Pascual said.
During the discussion, the two countries welcomed opportunities for a green transition.
