A delegation from the Philippines will visit the United States in May to discuss potential tariffs on Filipino exports.

According to a minister, the country's smaller trade sector makes it less susceptible to global economic shocks compared to its Asian neighbours.

The mission, led by Special Assistant to the President for Investment and Economic Affairs Frederick Go in May, aims to explore opportunities for mutual understanding.

“This is meant to emphasise diplomatic engagement rather than retaliation. And in Secretary Go's own words, cooperation not confrontation,” said Presidential Communications Undersecretary Claire Castro.

Despite the increasing uncertainty in global trade, Economic Planning Secretary Arsenio Balisacan stated that the Philippine economy remains relatively shielded, thanks to its smaller role in global trade compared to its Asian counterparts, Reuters reports.

“The economy is not as vulnerable to shocks in the global marketplace as our neighbours... because the Philippine economy's exposure to trade is fairly small,” Balisacan commented during a press conference.

However, he warned against complacency, emphasising the need to enhance export performance by diversifying markets and tackling investment barriers. This would enable the country to capitalise on trade diversion opportunities arising from the broad US tariffs.

“We need to double, even triple, our efforts to improve the investment environment so investors see the Philippines as a viable destination,” Balisacan said.

The Philippines has not escaped the global trade conflicts sparked by US President Donald Trump's tariffs, with Washington threatening to impose levies on Filipino exports.

Already having free-trade agreements with nations like South Korea and Japan, the Philippines is actively seeking a similar deal with the United States to protect and enhance its market access.

Balisacan stated that it is too early to adjust the country’s economic targets despite the increased uncertainty. He highlighted that strong domestic consumption, which accounts for about three-quarters of GDP, should continue to drive growth.

Furthermore, he remains confident that achieving the lower end of this year’s 6.0% to 8.0% growth target is still feasible.