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After which, the colony was directly governed by Spain.
Spanish rule ended in 1898 with Spain's defeat in the Spanish–American War. The Treaty of Manila in 1946 established an independent Philippine Republic.
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The United States is one of the largest foreign investors in the Philippines, and is the Philippines’ third-largest trading partner. exports to the Philippines are machinery, cereals, raw and semi-processed materials for the manufacture of semiconductors, electronics, and transport equipment.
Key imports from the Philippines are semiconductor devices and computer peripherals, automobile parts, electric machinery, textiles and garments, wheat and animal feeds, coconut oil, and information technology/business process outsourcing services. The two countries have a bilateral Trade and Investment Framework Agreement, signed in 1989, and a tax treaty. Relations With Philippines Human Rights Reports International Religious Freedom Reports Trafficking in Persons Reports Millennium Challenge Corporation: Philippines Narcotics Control Reports Investment Climate Statements Office of the U.