The story of Philippine Independence is one that reverberates deep and far. Ours began with a passionate and deep-seated desire to be set free from colonial oppression - a desire that was fueled by the nationalistic fervor of our forefathers. This intense yearning for self-determination reached its climax on June 12, 1898 when the Republic of Philippines finally flew its flag as an independent country on equal footing with other nations.

Today, we now have vibrant economy that has successfully overcome global crises, as evidenced by the 6.4 per cent growth rate of our GNP for the first quarter of this year. It is the second highest growth rate in Asia. We have the political machinery that consistently prioritizes the security and welfare of its people. We are proud to be an active and responsible member of the international community. We are driven by the same courage and vision our predecessors displayed: we continue to strengthen our national foundations as we reach out to our neighbors on mutually important issues such as poverty alleviation, human security and environmental sustainability.
We have, for the better part, achieved success on these issues with the continuing partnership of like-minded countries. The Republic of Korea, for instance, remains a close and significant ally from since we stood side-by-side during the Korean War until now when relations have expanded to vast and diverse fields. Let me therefore take this opportunity to express my satisfaction with the excellent relations our countries have built since diplomatic ties began on March 3, 1949.
Currently, our two countries are working closely together on Multi-Industry Clusters bound to raise agricultural productivity and community well-being in Philippine rural areas. As an archipelagic country, the Philippines has demonstrated its support to the objective of the 2012 World Expo in Yeosu on “The Living Ocean and Coast” through its active participation in the ongoing showcase of the richness and wealth of the Philippine marine biodiversity. Through the Yeosu Expo, South Korea has proven that business can be made from, and perhaps more importantly for, the environment. It also serves to emphasize the viability of its low carbon green growth strategy.
As our two countries continue our journey of mutual cooperation, let us reach far across our region and towards a future where our children can benefit from the full potential that a healthy, diverse and sustainable environment provides.
At this point, I wish to invite all of you to raise your glasses as I propose a toast to the nation and peoples of the Republic of the Philippines, to the enduring friendship between the Philippines and the Republic of Korea, and to our collective desire for a world we can proudly bequeath to coming generations.
Mabuhay! (Long Live!)