Trade Secretary Cristina Roque has underscored the Philippines’ push for inclusive and digital transformation to strengthen its trade and financial ecosystems during the World World Economic Forum’s (WEF) annual meeting.
Speaking at the Innovative Trade Financing Forum on Thursday (Switzerland time), Roque said the country has tapped advanced technologies, such as artificial intelligence (AI) and digital tools, to transform supply chains, e-commerce, and services trade.
Roque highlighted recent milestones, including the country’s exit from the Financial Action Task Force’s grey list and the lifting of a moratorium on digital banks, as part of efforts to create a dynamic financial system.
Roque, meanwhile, stressed the need to bridge the trade financing gap to empower small businesses and boost global competitiveness.
She also called for greater collaboration among policymakers, business leaders, technologists, and advocates to build an ecosystem that empowers all segments of the business community.
The Philippines’ strategy aligns with the administration’s “Bagong Pilipinas” (New Philippines) initiative, which prioritizes economic growth and innovation.
Roque also engaged with AstraZeneca executives at the WEF to explore collaborations in AI and digital health.
Discussions included expanding clinical trials in the Philippines to retain healthcare professionals and improve access to innovative medicines.
“By harnessing AI and digital health, we can revolutionize disease prevention, early detection, and treatment—paving the way for better healthcare that will benefit our people and economy,” Roque said.
AstraZeneca expressed interest in conducting most of its clinical trials in the Philippines, citing the country’s diverse population and robust clinical expertise.
The pharmaceutical firm also committed to exploring affordability measures to ensure accessibility for Filipinos. (PNA)
