Source Link
Excerpt:
Romualdez told CNA’s Asia First: “Obviously, the special relations that we have with the United States on our defence alliance is an important part of this whole equation.
“However, like I said, it is still not a completely done deal as pointed out, because we still have time to be able to look into possibilities of bringing it lower.”
In terms of how Manila’s security cooperation with Washington influenced the economic terms of the deal, as well as the meeting between Trump and Marcos, Romualdez noted that both countries have inked several security agreements with commercial components.
“The US Congress had just approved that an ammunition manufacturing facility will be established in the Philippines. That … will create jobs,” he said.