PH, Japan vow to develop 'world-class' Luzon Economic Corridor
Manila, May 29 -- The Philippines and Japan have reaffirmed their commitment to transform the Luzon Economic Corridor (LEC) into a "world-class economic hub," recognizing its strategic role in strengthening regional economic architecture and global supply chain resilience.
In a joint statement following a summit meeting in Tokyo, Japan on Thursday, President Ferdinand R. Marcos Jr. and Japanese Prime Minister Sanae Takaichi pledged to deepen cooperation on high-impact infrastructure and economic initiatives under the LEC framework.
Priority areas include rail and port modernization, clean energy, semiconductor supply chains, digital connectivity, agribusiness, and civilian port upgrades.
"They also reaffirmed their strong commitment t...
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