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NewsTranscript
00:00Although the defense ties of the Philippines and America are still strong, the possible effect of the administration of U.S. President-elect Donald Trump on the economy of the Philippines is being monitored.
00:12At the Philippines Conference 2024 of the Strat Based ADR Institute, Finance Secretary Ralph Recto said that it's too early to say if the results of the U.S. elections in the Philippines have a direct effect.
00:25But as a businessman, Recto hopes that the U.S. President-elect will see the importance of progress in the Philippines.
00:34As for Philippine Chamber of Commerce and Industry of PCCI President George Barcelon, Trump said that he will monitor the supply of imported products, including those from the Philippines.
00:48That's also what NEDA Secretary Arsenio Balisacat said in a separate conference that should be monitored.
00:54The government is continuing to strive to strengthen the local economy to remain strong, whatever the policy of the United States.