23rd APEC Automotive Dialogue (AD)

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The 23rd meeting of the APEC Automotive Dialogue (AD) was held at the Marriot Hotel from 27 to 29 August 2015. This year’s Automotive Dialogue adopted the theme “Integrating SMEs into the Automotive Global Value Chains.” More than 130 participants from government and private sector of 12 member economies attended the forum including, Ms. Romy Tincopa APEC Program Director, Department of Trade and Industry Assistant Secretary Rafaelita M. Aldaba, Board of Investments Supervising Director Ma. Corazon H. Halili-Dichosa, and President of the Philippine Automotive Federation Vicente T. Mills Jr. A highlight of the 23rd AD is the presentation of the Boracay Action Agenda for Micro Small Medium Enterprises (MSMEs). A workshop on “Strengthening SME Integration to Automotive GVCs in the Asia Pacific: Understanding Non-Tariff Measures” is included in the Dialogue. The APEC Automotive Dialogue is a venue for APEC member economy officials and senior industry representatives to collaborate in the formulation of strategies to bring to a higher level the integration and development of the automotive sector within the region. (DTI-PRU)

AEC-enabled PH enterprises key to inclusive growth

“In order to make inclusive growth and sustainability a reality, the country needs to pursue a change in mindset that will enable businesses, particularly small, and medium enterprises (SMEs) for the regional and global markets,” said Former Director General of the National and Economic Development Authority (NEDA), and head of USAID’s Trade-Related Assistance for Development (TRADE) Project, Dr. Cielito Habito during the forum on “Industry Roadmaps and the AEC Game Plan: Roadmap Localization for Competitiveness” held on 6 August 2015 in Tagaytay City.

Dr. Habito joined Department of Trade and Industry (DTI) Assistant Secretary Rafaelita M. Aldaba in the roadmap localization forum to encourage stakeholders in Region 4 to localize industry roadmaps in view of wider markets opened by the ASEAN Economic Community (AEC) 2015, and the European Union’s Generalized Scheme of Preference Plus (EU GSP+). He spoke on the challenges and advantages of ASEAN Integration, clarified misconceptions and the need and ways for the Philippines to achieve inclusive growth.

“AEC is already here. At present, free trade has already been prevailing, as tariffs on 99.6% of all goods we trade with our ASEAN neighbors were already brought down to zero since 2010. Thus, there will be no ‘tsunami of ASEAN goods’ by 2016 as feared by some. Furthermore, the ASEAN Secretariat’s latest scorecard on the 400+ non-trade commitments under the AEC Blueprint already places the country’s compliance at more than 87%. December 31, 2015 is not ‘doomsday’, but merely a target date for 100% compliance,” clarified Dr. Habito. He stressed that the key instrument for inclusive growth is empowering and developing SMEs through government-wide coordinated support to expand financing options, increase access to technology, and improve market access.

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APEC Public-Private Dialogue (PPD) on Inclusive Business

2004 Investments up 224%

Building Inclusive Businesses. Department of Trade and Industry (DTI) Assistant Secretary Rafaelita Aldaba joined government counterparts and members of the private sector in the Asia Pacific Region in learning more about inclusive business during the presentations of resource speakers at the Asia-Pacific Economic Cooperation (APEC) Investments Experts’ Group (IEG) Public-Private Dialogue (PPD) on Inclusive Business (IB). The Dialogue, with the theme “Fostering SME Growth through Inclusive Business” (August 27, 2015 at Marco Polo Plaza Cebu Hotel, Cebu City, Philippines) aims to raise awareness through exchange of information and best practices on IB models in agribusiness, manufacturing and services. During the dialogue, the business community was urged to help the government achieve inclusive economic growth and to adapt business models that can significantly contribute to poverty alleviation. Philippine government officials led by Cabinet Secretary Jose Rene D. Almendras delivered the keynote address during the dialogue with DTI Undersecretary Zenaida Cuison-Maglaya welcoming participants to the forum. In the Philippines, the DTI through the Board of Investments has recently partnered with the Asian Development Bank to develop an inclusive business accreditation program. BOI hopes to further private and public sector partnerships to address social issues for the poor and vulnerable members of society by encouraging the private sector to support SME integration into the global economy by engaging them as a producer, employee, distributor or consumer of goods and services. (DTI-PRU)

The American Chamber of Commerce in Singapore presents to the Philippine Embassy in Singapore the findings of the ASEAN Business Outlook Survey 2016

AmCham 2(from left) First Secretary and Consul Mersole Mellejor, Philippine Trade & Investment Centre(PTIC)-Singapore Commercial Counsellor Glenn Peñaranda, Honorable Antonio Morales, Philippine Ambassador to Singapore, Jordyn Arndt, AmCham’s Research Director, and Thomas McNutt, AmCham’s Public Affairs and Government Head at the Embassy of the Philippines in Singapore.

The American Chamber of Commerce in Singapore presents to the Philippine Embassy in Singapore the findings of the ASEAN Business Outlook Survey 2016. Each year, AmCham Singapore collaborates with the U.S. Chamber of Commerce and other AmChams in the region to survey senior members from U.S. companies to gather insights about business conditions and sentiment in APAC. AmCham’s annual ASEAN Business Outlook Survey shares the insights of senior American business leaders located across the ASEAN region. These respondents are charged with making investment decisions on behalf their companies, offering them a unique opportunity to shape the character of development across ASEAN. Continue reading

PTIC-Singapore calls on Filipinos in Singapore to consider business prospects in their home country

Philippine Trade & Investment Centre (PTIC)-Singapore Commercial Counsellor Glenn Peñaranda presented anew Philippine business opportunities in another seminar organized by The Global Filipino Investors (TGFI).

Food & Agribusiness He highlighted that Agriculture/Agribusiness and Fisheries is one of the preferred investment sectors in the Philippines Investment Priorities Plan (IPP) and that its sustained growth is vital in promoting inclusive economic growth. Food is the biggest part of the Filipino household consumption, with eating behavior evolving to fresh and non-processed. As a consumer market, the country offers a population of 100 million with rising incomes and sustained remittances from eight million Filipinos working abroad that further boost consumer spending. He also shared the continued foreign interest in sourcing food from the Philippines and the challenge in food production and supply to meet the ever growing demand from overseas. In 2014, food trade between the Philippines and Singapore increased by 25 percent, totaling US$137 million. Processed, fresh, beverage and marine categories are the top exports to Singapore. The market in Singapore includes the affluent and quality-conscious Singaporean consumer, the increasingly growing Singapore food service industry, the large Filipino community, the ship chandling industry and the neighboring regions.

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