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Manila Bulletin devider Philippines devider National devider The Netherlands optimistic in investing in PH

The Netherlands optimistic in investing in PH

Published Dec 27, 2022 07:40 pm

The Netherlands has expressed optimism about ​investing in the​ Philippines​ following the​ increased cooperation on agrifood, digitalization and water management between the two countries.

At a business forum in the Netherlands last week, Dutch Foreign Affairs Deputy Director General for International Economic Relations Peter Potman said both countries ​"​can look forward to exciting opportunities​" ​that will result from strengthened cooperation in such fields.

​"​It is clear that there has never been a better time for the Philippines and the Netherlands to strengthen ties,​" ​​Potman said.

Organized by various Philippine agencies, the forum​ serve​d​ as the reintroduction to the Netherlands of the Philippines and its robust economy under th​e​ administration of President Ferdinand ​"Bongbong" ​Marcos Jr​., Philippine Ambassador to the Netherlands J. Eduardo Malaya said in his opening remark.​

​The event was held at a more opportune time following the​ bilateral meeting between Marcos and ​Dutch ​Prime Minister Mark Rutte in Brussels ​at the sidelines of the ASEAN-EU Summit.

"We are ready to make it happen for you in the Philippines​," Malaya reiterated Marcos' pronouncement.​​​

D​epartment of Trade and Industry​ Undersecretary Ceferino Rodolfo, the​ event's​ keynote speaker, cited economic sustainability and connectivity as the two pillars that will drive the future of ​the two countries' ​bilateral economic relations.

"​Even if our countries are far from one another in terms of proximity, the Philippines and the Netherlands share the same aspirations—a sustainable, resilient and inclusive economic growth through food security and development of green ecosystem​s," he said.

​According to the Department of Foreign Affairs, th​e Netherlands ​was ranked as ​​​​among the ​Philippines'​ five top investor countries, and the number one among the 28 EU Member Countries.

​Around​ 150 Dutch companies are based in the Philippines, including ING Bank, Friesland Campina (joint venture partner of Alaska Milk Corp.) and Unilever.

Related Tags

investment The Netherlands Philippines BILATERAL TIES
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