The Philippines and the United States are set to sign significant agreements, including the landmark 123 nuclear cooperation deal, during President Ferdinand Marcos Jr.’s four-day visit to the US.
In a report by the Philippine Star, Philippine Ambassador to the US Jose Manuel Romualdez said the 123 agreement which is named after Section 123 of the US Atomic Energy Act, aims to stimulate investments in the energy sector and is scheduled for signing on Friday.
This establishes a binding framework for peaceful nuclear cooperation.
Alongside the nuclear deal, both countries will finalize agreements in renewable energy, manufacturing, digital infrastructure, connectivity, health, and tourism, as stated by Marcos Jr. during his visit.
President Marcos is attending the 30th Asia-Pacific Economic Cooperation (APEC) Economic Leaders Meeting and engaging with American businesses during his weeklong visit, marking his third trip to the US since assuming office.