US still a major player

March 10, 2018

by IBON Foundation

While the Duterte administration claims to have an independent foreign policy, his major programs such as the packages of tax reforms and the planned Charter change are among the key policy reforms long lobbied for by US business groups together with US aid agencies.

Moreover, the US remains a major player in the Philippine economy. In the past decade (2006 to 2016), American businesses have invested US$4.12 billion or 10.3% of the total foreign direct investment (FDI) that flowed into the domestic economy, the second biggest among all foreign investors.