The Philippines and Israel have taken a major step toward deepening their economic partnership with the successful conclusion of the inaugural Philippines–Israel Joint Committee (JC) Meeting, culminating in the signing of a Summary of Discussions that sets the stage for stronger trade and investment collaboration.
The high-level meeting, held virtually on July 1, was led by Department of Trade and Industry (DTI) Secretary Cristina Roque and Israel’s Minister of Economy and Industry Nir Barkat, joined by senior officials and ambassadors from both nations.
“This milestone reflects our shared commitment to transform our economic ties into concrete opportunities for trade and investments,” said Secretary Roque. “We are creating a framework where Israeli innovation and Philippine growth potential converge, especially in sectors that drive sustainable and inclusive development.”
The discussions focused on strategic areas with high investment potential, including agriculture, technological innovation, start-ups, and cybersecurity. Both countries agreed to facilitate the entry of investments in modern agricultural solutions such as innovative irrigation systems, climate-resilient crops, livestock complexes, and smart greenhouses.
Israel also expressed support for expanding cooperation in technological innovation and research and development (R&D). The two nations will implement their 2022 Agreement on Cooperation in Technological Innovation, R\&D, and start-up development—paving the way for joint projects, pilot programs, and the exchange of expertise to accelerate investment-driven growth.
Cybersecurity, intellectual property, training, customs, and trade facilitation were also identified as priority areas to strengthen the overall investment climate.
