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

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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.

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