PH business mission heads to Europe

ABS-CBN News

Posted at May 27 2014 05:13 PM | Updated as of May 28 2014 01:13 AM

MANILA, Philippines - The Department of Trade and Industry will conduct an outbound business mission to Europe in June.

"Our planned visit to Europe this June aims to further strengthen the economic ties of the Philippines with European countries as well as to sustain the gains from our visit in 2013 and return visits made by officials and various business delegations from Europe to the Philippines," Trade Undersecretary Ponciano C. Manalo, Jr. said.

The business mission, led by Trade Secretary Gregory L. Domingo and Manalo, will visit Germany, Sweden, Norway, and France.

The DTI and Board of Investments has already received 25 inbound visits from Europe this year. Last year, there were 37 missions from Europe.

Manalo said there is strong interest in the Philippines from Nordic businessmen, with business delegations from Finland and Denmark.

"We are confident that members of the Danish delegation will consider the Philippines as a manufacturing hub for the Association of Southeast Asian Nations (ASEAN) market and pursue interest in country’s priority areas for investment and the Public Private Partnerships (PPP) projects," he added.

Other inbound missions were from Austria, Belgium, Cyprus, France, Germany, Netherlands, Poland, Spain, Sweden and United Kingdom.