The private sector reported they generated $620.72 million and $22.67 million in trade
and investment leads from their business matching sessions during President Ferdinand R. Marcos Jr.'s official working visit to Tokyo, Japan in February this year.
The Department of Trade and Industry’s field office in Japan led
by Commercial Counselor Dita Angara-Mathay reported the figure based on
submitted reports by private sector participants. The new figure is on top of
the more than $13-billion big-ticket deals signed during the visit.
The trade and investments potentials were generated from the 600
business matching meetings during the visit participated by 118 companies from
the Philippines and 597 companies.
Companies involved during the business matching event were from
manufacturing, construction and infrastructure, real estate, communication and
information technology, and energy, among others.
Business matching is part of the ongoing initiatives of DTI,
Foreign Trade Service Corps (FTSC) Coordinating Office, the Export Marketing
Bureau (EMB), and the ASEAN – Japan Centre (AJC).
“There is evidently a growing momentum in the Philippines and
Japan trade and investment relations,” said Angara-Mathay.
During the business matching event, which to date is the largest
in the history of presidential trips overseas, both government and the private
sector acknowledged that there are rising opportunities for economic engagement
in areas that are critical to national priorities.
“In order to pursue our strategy of investment led export growth,
we need to actively seek out platforms that promote exchange between our
expanding networks,” she said. (Bernie
Cahiles-Magilat)
In 2022, Japan ranked as the Philippines 2nd trading partner, 2nd export market, and third import supplier.
Private sector adds new business leads from PBBM Japan trip
Mar 15, 2023 09:54 AM