Trade Undersecretary Allan B. Gepty pitched ASEAN's connectivity and free-trade agreements (FTAs) as key advantages for Russian businesses during the ASEAN-Russia Business Forum on June 17, emphasizing the region's open market commitment, as reported by BusinessWorld.
Gepty highlighted that ASEAN's extensive network of FTAs creates a favorable trade and investment environment, positioning the region as a gateway to broader markets. The forum served as a platform to strengthen economic ties and explore collaboration opportunities between ASEAN and Russia.
The DTI's participation reflects the Philippines' strategy to expand trade relations with Russia and other partners through ASEAN's collective economic strength. Such engagements are part of ongoing efforts to diversify trade partnerships and bolster economic resilience.