The Department of Trade and Industry will entice more businesses from China to invest and do business in the Philippines as the country participates in the China International Fair for Investments and Trade 2022.
The “Make It Happen in the Philippines” campaign highlights five key sectors for investments which include electronics, automotive, aerospace, copper, and information technology and business process management. “The country’s participation in CIFIT builds up the country’s standing as a preferred investment location for Chinese companies. It moreover reflects the government’s recognition of China as a priority market,” the BOI said in a statement Friday.
According to BOI, the country has bagged more than PHP506 billion worth of project proposals in its participation in CIFIT last year.