President Benigno Aquino 3rd said his trip to Europe has been successful partly because of the additional investment inflows to the Philippines.
In a briefing with Filipino journalists in Berlin, Germany, which was aired over state radio station Radio ng Bayan on Saturday, Aquino said he and other members of his delegation met with representatives of 19 European companies who expressed interest in investing in the Philippines.
He said the country can expect some $2.3 billion in investments in manufacturing, energy, information technology, infrastructure and transportation sectors.
Of this figure, some $908 million worth of investment have been committed while prospective investments amounts to about $1.47 billion, he said.
Aquino said these investments are seen to provide job opportunities to some 55,500 Filipinos.
The President noted that European investors now understand why the Philippines had to bring it territorial dispute with China before the United Nations.
In March this year, the Philippine government submitted a 4,000-page memorial before the United Nations Convention on the Law of the Sea arbitral tribunal to explain its side and ownership on some islands in the West Philippine Sea (South China Sea).
China is claiming several islands in the WPS, even those within the Philippines exclusive economic zone based on its nine-dash-line policy.