iConnectHub

Login/Register

WeChat

For more information, follow us on WeChat

Connect

For more information, contact us on WeChat

Email

You can contact us info@ringiertrade.com

Phone

Contact Us

86-21 6289-5533 x 269

Suggestions or Comments

86-20 2885 5256

Top

Confidence in PH high as the Philippine President meets key EU firms

Source:BOI InfoComms Release Date:2022-12-19 6954
ChemicalNonwovenOthersMaterial handling, testing and measuring EquipmentMachinery & AccessoriesNonwovens MaterialsAdditivesRaw materialsPlastics & RubberOthersCompoundingRaw Materials & CompoundsMaterials Handling, Measuring & TestingMolds & ComponentsOther Machinery EquipmentPlastics MachineryIndustrial MetalworkingMetalworkingIndustrial Robots & Automation EquipmentSoftware & CNC SystemMetal Cutting Machine ToolsMetal Forming Machine ToolsOthersMeasuring & Control SystemSurface TreatmentMetal MaterialsWelding Equipment & ToolsMolds & DiesFood, Beverage & Personal CarePersonal CareOthersPackaging Equipment & MaterialsProcessing EquipmentRaw Materials & IngredientsFood & BeverageFood & Beverage IngredientsFood Processing & EquipmentOthersPackaging Equipment & MaterialsBeverage Processing & EquipmentMedical Devices & PharmaceuticalsMedical EquipmentR&D and Design ServicesPharmaceutical Ingredient & EquipmentOthersMaterialsManufacturing EquipmentMedical Electronic ComponentsContract Manufacturing Services
Add to Favorites

BOI Social Media Card re PV in EU.png


Various European companies have committed expanding and setting up operations to support sustainable and innovative projects in the Philippines. 

  

President Ferdinand Marcos Jr. had this to report upon return from Brussels, Belgium, where at the sidelines of the 10th ASEAN-EU Business Summit, he addressed Philippines-European Union Business Roundtable and met with several European companies. The event was organized by the Department of Trade Industry, Philippine Trade & Investment Center, Foreign Trade Service Corps and the Board of Investments. 

  

The President pursued new and enhanced business ties at the meet, which was attended by business leaders from both sides. President Marcos was joined by select Cabinet officials and the Philippines' economic managers. 

  

The estimated investment pledges generated amounted to almost PHP 10 billion, reflecting a high business confidence in the Philippines among European companies. The committed firms are engaged in sustainability solutions, such as agro-logistics design, ecological hydro power turbines, sustainable infrastructure, and fuel-efficient sea vessels. 

  

The synergy of Filipino talent and ingenuity and the country’s available natural resources and European’s advance and sustainable technology is expected to enhance bilateral trade and investment relations and cooperation between Philippines and EU as both country/region forge stronger ties.   

  

During the ASEAN-EU Summit, the Philippines also registered its willingness to resume talks with the European Union in pursuit of a Philippines-EU Free Trade Agreement, a move strongly supported by the ASEAN-EU Business Council.


Add to Favorites
You May Like