United States Ambassador to Manila Philip Goldberg said the Philippines will be invited to join the Trans-Pacific Partnership (TPP).
At present, there are 12 members of TPP—Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
TPP is what Goldberg calls a high-end trade agreement that will create prosperity even for medium and small businesses.
“Get ready for this kind of trade agreement,” the ambassador told students of the Pamantasan ng Lungsod ng Maynila in a forum on Tuesday.
He said TPP is a 21st century trade agreement that the US is negotiating with fellow countries in the Asia-Pacific region that will unlock opportunities for American workers, families, businesses, farmers and ranchers by providing increased access to some of the fastest-growing markets in the world.
Goldberg added that it will also provide new market access for US goods and services.
He said the United States is committed to help the Philippine government to modernize its revenue collection and has made representations with the Bureau of Internal Revenue.
The embassy is also helping the Philippine National Police train its officers to enhance their investigative capabilities.