“Upon this human foundation, commercial bridges thrive: the Philippines stands as the premier strategic gateway for Latin American firms expanding into Asean’s US$4-trillion market,” she told an audience in Chile, referring to the two regions’ shared Spanish colonial history, Catholic faith and people-to-people ties.
Lazaro also floated the idea of expanding logistics links – citing the regional presence of Philippine port operator International Container Terminal Services – as a way to cut costs and shield supply chains from global shocks via direct trans-Pacific shipping routes.
It also comes as the Association of Southeast Asian Nations and Mercosur – a South American trade bloc whose members include Brazil, Argentina, Bolivia, Paraguay and Uruguay – look for new partners amid US tariffs, energy insecurity and wider geopolitical uncertainty.
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