Austrian companies keen to invest in Philippines’ EV, RE and IT sectors

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

With the recent signing of an agreement with the Philippine Chamber of Commerce and Industry (PCCI), the Austrian Federal Economic Chamber said Austrian firms are setting sights on the Philippines’ electric vehicle (EV), renewable energy (RE) and IT sectors, among others.

During the 49th Philippine Business Conference and Expo held last week in Manila, PCCI inked a memorandum of understanding with the Austrian Federal Economic Chamber.on the sidelines of the conference that the agreement seeks to strengthen Austria’s trade relations to support its exporters “when going outside.”

“Well just now, we have a joint venture here with KTM, the producer of electric vehicles and motorcycles, with a Philippine partner producing here also for the market,” Kopf said. “So to support Austrian companies going abroad also with investment as I heard, that’s also an interest of Philippines…to bring in companies here and for Austrian companies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Philippines still fastest-growing ASEAN market for vehicle productionThe Philippines continued to register the fastest growth in motor vehicle production in the ASEAN region as the country posted a 33.3-percent jump in the first nine months of the year.
Source: PhilstarNews - 🏆 1. / 94 Read more »