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) opportunities for trade and investment in the Philippines during the Trade and Industry Briefing held recently at the DTI International Building in Makati City.
“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,” said DTI Undersecretary for Industry Development Group (IDG) and BOI Managing Head Ceferino S. Rodolfo.
FCCCSV, led by its President Anne Orozco-Ramirez 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.
EMB Director Senen M. Perlada encouraged the delegation to take advantage of the PH-US trade opportunities and the benefits of tariff preferences given to the Philippines under its Generalized System of Preferences (GSP).
"Take a look at the Philippine produced Halal- and Kosher-certified products as well as organic products which are in-demand in the US," urged Perlada.
Discussions with the delegation highlighted the recent developments in the economic environment of the country such as increased infrastructure spending and human resource development. The overall Philippine trade strategy was also emphasized to show why the country is now considered one of the top investment destinations worldwide.
Other sectors that the delegation was also exploring include wireless home security devices, cosmetics and skin care products, business process management, renewable energy, and new farming technology.