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Chinese businessmen encouraged to invest more in PH

Philippines | National

Chinese businessmen encouraged to invest more in PH

By Joseph Pedrajas

The Philippine government has encouraged Chinese investors to do more business in the country, particularly in the fields of manufacturing, infrastructure and construction, digital industries and food and agribusiness.

This was done when a Philippine delegation, composed of Department of Trade and Industry (DTI) Secretary Alfredo Pascual, Chargé d' Affaires ad interim Dinno M. Oblena, Consul General Maria Antonina Oblena, DTI Assistant Secretary Allan Gepty and Froilan Emil Pamintuan of the Philippine Trade and Investment Center, participated in the 22nd China International Fair for Investment and Trade (CIFIT) in early September in Xiamen, China.

The Department of Foreign Affairs (DFA) said Monday the delegates highlighted the strengths of the Philippines as an investment destination.

Photo courtesy of DFA

In inviting investors to look at the country's various industries, Charge d'Affaires Oblena emphasized the 49 million young and highly educated Philippine labor force as well as the vast industrial parks and economic zones in the country. Meanwhile, the Philippine consul general narrated the status and prospects of e-commerce in the Philippines to highlight the various steps and measures undertaken by the Philippine government to support digital e-commerce.

She took pride in the country's dynamic consumer-driven economy which would propel e-commerce in the country. At a roundtable meeting with some of the world's business leaders, Pascual also encouraged Chinese investors to take advantage of the Philippines’ strong growth and positive trade relations with China.

This, as he expressed the hope for extensive Philippines-China cross-border trade and commerce.

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