The Philippines is keen on pursuing more free trade agreements as well as renewing its Generalised Scheme of Preferences Plus with the European Union to expand the country’s trade and investment opportunities.
“Our push is to really open up the economy aggressively because to us, in the economic team, there is no other way of improving the quality of employment than getting a major push in investment,” he added. Balisacan said as the Metro Manila Subway project continues, the current administration is already preparing operation and maintenance opportunities that the private sector can take part in.
“The private sector is the Philippines’ engine of growth and innovation, and tapping into its financial muscle, as well as technical and managerial capacities will ultimately result in better public services, lower consumer prices, and improved quality of life for all Filipinos,” Balisacan said.