The Philippines receives today (February 4) a business mission of about 100 top executives of Japan’s major companies to advance the bilateral economic relations between the two countries.

“In receiving Japan Chamber of Commerce and Industry’s (JCCI) largest business delegation to the Philippines, we expect to further strengthen and expand our bilateral economic relations by increasing trade and encouraging more investments from existing and potential Japanese investors in our country,” Department of Trade and Industry (DTI) Ponciano C. Manalo, Jr. said.

The JCCI is a network of comprehensive local economic organizations. It is composed of 514 regional chambers in Japan and 79 chapters outside Japan. It has a total of 1.26 million member businesses from large and medium corporations to small and sole proprietorships nationwide.

Manalo noted that aside from being the largest business organization in Japan, JCCI is also an influential organization in Japan’s economic circles.

He added that this mission, which will run from February 4 to 7, is the first outbound business mission since 1992 and will be led by the 19th chairman of JCCI, Akio Mimura.

He is also the former chairman and current advisor and honorary chairman of Nippon Steel and Sumitomo Metal Corporation, the second largest steel producer in the world.

The mission is composed of executives from various sectors such as construction, metal manufacturing, telecommunications, trading, banking, automotive and auto parts, travel, food, air transport, and electric power.

Among the companies that will join the mission are Honda Motor Co., Ltd., Marubeni Corporation, Sumitomo Mitsui Banking Corporation, Japan Airlines, Co., Ltd., ANA Holdings, Inc., ITOCHU Corporation, Electric Power Development Co., Ltd., Taiyo Stainless Spring Co., Ltd., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Komoto Industry Co., Ltd., Shigeru Co., Ltd., Dial Service Co., Ltd., Idea Consultants, Inc., Mitsui & Co., Ltd., Fukuda Corporation, Mitsui Mining and Smelting Co., Ltd., Sanwa Denki Kogyo Co., Ltd., Mitsubishi Corporation, JTB Corporation, IHI Corporation, Sumitomo Corporation, and Mizuho Financial Group.

During their four-day visit, the delegation members will be meeting with business leaders and officials of the Philippines-Japan Economic Cooperation (PhilJec) Committee, Philippine Chamber of Commerce and Industry (PCCI), and First Philippine Industrial Park (FPIP). Likewise, they will call on President Benigno S. Aquino III, and meet with key officials of the Department of Trade and Industry, Department of Finance, Bangko Sentral ng Pilipinas, and Philippine Economic Zone Authority.

They will also meet with groups like Japan Philippines Economic Cooperation Committee (JPECC) and Japan Chamber of Commerce and Industry of the Philippines, Inc (JCCIPI).

The delegation’s visit to Manila is part of JCCI’s two-country swing from Jakarta to Manila. The Manila leg was arranged through DTI’s Philippine Trade and Investment Center (PTIC) in Tokyo, which supports the Philippines' trade and investment interests in Kanto, Chubu, Tohoku, Hokkaida regions of Japan.(END)