THE Department of Finance (DOF) has given assurance to the United States that they will roll out the red carpet for the potential investors as directed by President Ferdinand R. Marcos Jr.

Finance Secretary Ralph Recto said that the United States can be assured of the Philippines’ strong commitment.

Recto had met with US officials led by Treasury Department Deputy Assistant Secretary for Asia Robert Kaproth in order to discuss the direction that both countries will undertake  to further strengthen ties and boost economic and investment cooperation.

Likewise, Recto said that they assured the US that the government would act faster in addressing investor concerns.

He also told the US of the country’s economic liberalization laws, which is expected to further facilitate the ease of doing business in the country.

Among those include the amendments to the Retail Trade Liberalization Act, the Foreign Investments Act, and the Public Service Act.

Likewise the finance secretary also said that the Philippines recently improved its public-private partnership (PPP) framework using the PPP Code, which would open up investment opportunities in the infrastructure sector.

Among the priority sectors for infrastructure investments include renewable energy, water, airports, seaports, roads, tollways and railways.

Joining Recto in the meeting were Chief of Staff and Undersecretary Alu Dorotan Tiuseco; Undersecretary Maria Edita Tan of the International Finance Group (IFG); and Assistant Secretary Eufrocinio Bernabe Jr. of the Office of the Chief Economist.