The Department of Trade and Industry’s (DTI) Export Marketing Bureau (EMB) and Board of Investments (BOI) presented to the Filipino-American Chamber of Commerce of Silicon Valley (FACCSV) the opportunities for trade and investment in the Philippines during the Trade and Industry Briefing held recently at the DTI International Building in Makati City.
DTI Undersecretary for Industry Development Group (IDG) and BOI Managing Head Ceferino S. Rodolfo welcomed the delegation led by FACCSV President Anne Orozco-Ramirez. FCCCSV sought to explore the trade and investment opportunities the country has to offer.
Rodolfo discussed about the recent developments that make the Philippines an attractive investment destination, such as increased infrastructure spending and human resource development. He also highlighted the country’s overall trade strategy.
This briefing is one way to know the perceptions of Filipinos outside the country and what more can be done to encourage more investments into the country,” he said.
EMB Director Senen M. Perlada talked about the Philippine-US trade opportunities, drawing the delegation’s attention to the benefits of tariff preferences given to the Philippines by the US under its Generalized System of Preferences (GSP).
“Take a look at Philippine produced Halal- and Kosher-certified products as well as organic products which are in-demand in the US,” Perlada urged the delegation.
On the other hand, Lanie O. Dormiendo, Officer-in-Charge (OIC) from the BOI International Investments Promotion Service discussed the investment climate opportunities in the Philippines.
The business mission aimed to find business opportunities and partners in the Philippines particularly in the sectors of real estate, retirement facilities, coconut products, healthcare, and indigenous products.
Other sectors the delegation was exploring include wireless home security devices, cosmetics and skin care products, business process management, renewable energy, and new farming technology.
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