Pascual tells Asean business to invest in nickel processing

TRADE and Industry Secretary Alfredo E. Pascual encouraged businesses present at the 43rd Asean summit to invest in the downstream processing of nickel, among others, noting that it is part of the Philippines’s “strategic” approach to enable the country to move to higher value activities in the regional and global value chains.

Currently, he said, “we are engaging with several partners at the multilateral, regional, and bilateral levels to pursue a framework that could mobilize sustainable investments to the Philippines.” “This strategically positions the country in the regional and global value chains of clean technologies and we will need reliable partners in investments to realize this,” he added.

The Philexport chief said the Philippines should be able to export processed ores like nickel rather than exporting simple ores.

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