Trade Secretary Alfredo Pascual said investment pledges already reached P800 billion so far, and with new commitments from the recent trade missions, “it’s just a matter of time in realizing the investment target.”
Pascual said the trade attaches assigned in different foreign trade bureaus abroad were helping the DTI follow up investment leads and pushing for actual projects.‘We’re working on it. There might be projects that will fall out along the way, but we’re hoping that they will all materialize,’ he said.
Investment leads generated in the previous trade missions reached almost P1 trillion in the first five months of 2023. The Board of Investments , the investment agency under the DTI, secured investment pledges of P698 billion in the first half of 2023, higher by 203 percent than P230 billion it approved in the same period last year.
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