Ambassador Teodoro L. Locsin, Jr. welcomed to the Embassy the PH delegation to the inaugural meeting of the PH-UK Joint Economic and Trade Committee (JETCO). Held on 17 March 2025 at the Foreign, Commonwealth, Development Office (FCDO) in London, the meeting was co-chaired by Department of Trade and Industry (DTI) Undersecretary Allan B. Gepty for the PH side and Minister of State for Trade Policy and Economic Security Douglas Alexander for the UK side.

Undersecretary Gepty was joined by PH officials from the DTI, Department of Energy (DOE), Department of Finance (DOF), Department of Agriculture (DA), National Economic and Development Authority (NEDA), and London PE. Minister Alexander was accompanied by representatives from the Department of Business and Trade (DBT), FCDO, and the British Embassy in Manila.

The meeting commenced with the signing of a Memorandum of Understanding (MOU) establishing the JETCO between the Philippines and UK.