A high-profile Australian trade and investment mission to the Philippines is set to take place this week, led by Shemara Wikramanayake, managing director and chief executive of Macquarie Group, a global financial services group which has been active in the Philippines for 20 years.
As one of the fastest growing economies in Southeast Asia and with recent economic liberalization measures, the Philippines offers substantial prospects for increased two-way trade and investment. “Australia is continuing to seek opportunities to partner with the Philippines to help it reach its ambition to be an upper-middle-income economy soon,” said Australian Ambassador to the Philippines HK Yu.
Consultations with the Philippine government will focus on investment opportunities and regulatory framework in agrifood, infrastructure, transportation, and energy sectors, where Australia’s expertise complements the Philippines’ capabilities and aligns with the Philippine Government’s priorities.