The Department for Business, Innovation, Science and Trade (BIST) has published a joint statement with the Philippines following the second UK-Philippines Joint Economic and Trade Committee (JETCO) ministerial meeting in Metro Manila. UK Minister of State for Trade, Anas Sarwar, and Philippine Undersecretary, Allan B Gepty, endorsed a refreshed 12–18 months programme of work covering agriculture, energy, infrastructure and economic development, including potential cooperation on grid modernisation, civil nuclear energy, trade digitalisation and space. They agreed to pursue an agriculture trade and cooperation memorandum of understanding, support market access and work on offshore wind, energy security and radioactive waste management. The statement also notes a financing framework, due to be signed on 23 September 2026, under which UK Export Finance may consider support for priority Philippine infrastructure projects, with up to £5 billion available for eligible projects. The parties also discussed cybersecurity, consumer protection, use of the UK Developing Countries Trading Scheme, economic policy cooperation and continued engagement with businesses and on regional and multilateral trade matters.