India – Philippines Relation
Both Ministers expressed a strong desire to continue working together on defence cooperation, including through regular or improved official-level interaction among defence agencies, the opening of a resident Defence Attaché office in Manila, consideration of India’s offer for a concessional Line of Credit to meet the Philippines’ defence requirements, and the purchase of naval assets, according to a joint statement released after the Joint Commission on Bilateral Cooperation’s 5th meeting.
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Expanding collaboration in already established sectors like the economy, defence, education, interpersonal ties, counterterrorism measures, and marine cooperation, as well as discussing brand-new ones like cyber security, artificial intelligence, and space collaboration.
In India, anti-terrorism discussions are on-going. This pertains to cyber security and cyber dangers, as well as the sharing of intelligence. The topic of cyber trafficking is growing to be a serious problem for the Philippines, India, and the entire region. Due to the growing concern over cyber trafficking, both parties decided to work together to address it.
According to diplomatic sources, the two sides talked about enhancing access to the Philippines’ markets when it came to commercial collaboration along with rewrite their bilateral investment promotion and protection pact. A number of Indian businesses, particularly those involved in IT, agro-processing, copper, and textiles, were also invited by the Philippines. With commerce of about $3 billion in the previous year, India is the Philippines’ fifteenth-largest trading partner.
The Philippines and India came to an agreement in January 2022 for the purchase of three batteries of the shore-based BrahMos supersonic cruise missiles for $375 million.
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