Paulo Duarte, president of the European Chamber of Commerce of the Philippines , said they have reasons to believe that the stream of FDIs will substantially increase in the coming months and years given the “wave of game-changing economic reforms in a number of key investment areas as well as notable improvements in our doing business rankings.”
But with the game changing economic reforms, he said “In fact, we have indeed been seeing an increased momentum and interest in the Philippines now, more than ever, especially when it comes to investments in renewable energy, circular economy, digital technologies, among others.” Beyond that, the ECCP also called for the timely and successful conclusion of the EU-Philippines Free Trade Agreement as both countries agreed to resume negotiations.
Forging the bilateral FTA, he said, will also go beyond economic gains stressing that such “a trade deal can and will contribute to a greener, more inclusive, and sustainable Philippines.” “As we progress in our commitment to gender equality, protecting fundamental rights, and promoting solidarity among generations, we are confident that such a partnership will support these mutual goals,” he added.