British firms set maiden trade mission to Mindanao

Michelle Ong, ABS-CBN News

Posted at Mar 01 2017 12:45 PM

MANILA - At least ten British companies are keen on joining the first ever trade mission to Mindanao next month, hoping to explore opportunities with businessmen in the southern Philippines, an official said Wednesday.

The two-day mission next month is also the first under President Rodrigo Duterte, who has promised to spread development outside the capital.

The firms have interests in infrastructure, agribusiness and information technology, said British Chamber of Commerce Chairman Chris Nelson.

A trade mission last year resulted in a partnership between whiskey company R&B Distillers from the United Kingdom and Grand Cru Wines and Spirits from the Philippines. Northern Ireland's Zipyard is also in talks to hire Filipino tailors.

"I think the Philippines is an attractive story, you have high growth rates. You have a growing adult consumer population, and also well-educated, employment area – that gives great opportunities for people to work," Nelson said.