There was a fact I knew nothing about, a declaration of principle signed on May 14, 1945 by both President Osmeña and President Truman, citing about 19 provinces in which military installations would be considered as a site. Most of them were areas where there were no U.S. military and naval installations before the war. The U.S. government was preparing a proposed draft agreement, a draft based on what military experts then saw as essential conditions for the mutual protection of the Philippines and the United States. American maritime and military power was of course well established throughout the Pacific. Okinawa was an important base for both the army and navy. The occupation of Japan by U.S. forces was one of the main tasks of U.S.
forces. Additional bases of support for this crew have been and still are scattered throughout the Western Pacific. U.S. bases in the Philippines have been an essential part of the chain of defense posts in the Pacific. But at all times, the main motive for the establishment of US military installations in the Philippines has been the protection of our country. While the Tydings-McDuffie Act did not require the United States to use its bases in the Philippines for our defense, the joint resolution of the U.S. Congress of June 1944 took note of our war association and promised the use of U.S. military facilities in the Philippines for our mutual protection. For us, that was the decisive part of this whole evolution. This was a historic abandonment of the policy pursued so far, as defined in the Independence Act. The current basic agreement is a happy result of this change. “President Roxas has informed this administration that the Philippine Congress and the Filipino people wish to maintain U.S.
bases in the Philippines. This Agreement has therefore been concluded. The Enhanced Defence Cooperation Agreement is a ten-page document, with a preamble and 12 articles, signed on 28 April 2014. This is a framework agreement that increases the scope of the 1951 TD. This agreement contains a definitive list of all areas used by the United States for military purposes. All other areas of the U.S. pre-war military and marine reserves are now being returned to the Philippine government. The United States has traditionally been the Philippines` largest foreign investor, with investments estimated at about $6.6 billion at the end of 2005 (U.S. Department of Commerce data). Since the late 1980s, the Philippines has been committed to reforms that encourage foreign investment as a basis for economic development, subject to certain guidelines and restrictions in certain areas.
Under President Ramos, the Philippines has extended reforms, opened up the power generation and telecommunications sector to foreign investment, and ensured ratification of the Uruguay Round agreement and accession to the World Trade Organization. .