For his part, Ambassador Karan Bhatia, deputy U.S. trade representative, said the present relationship between the United States and the Philippines is not based on geographic proximity, a common language, and the strongest of historical ties alone. 'It is based on something deeper and ultimately more durable -- a shared belief that economic growth and prosperity are driven through open trade, competitive markets, and hard work,' he said.

Bhatia added that the 'evangelization of trade' is the responsibility of today's business leaders, as the evidence is 'unassailable that strong economic partnerships -- partnerships built on trade and investment -- bring durable political relationships; relationships that carry over into security partnerships.'