The British Chamber of Commerce of the Philippines (BCCP) has set a trade mission in the country on November 16 to 17 for British entrepreneurs to explore opportunities in the Philippines.
“It is envisioned that the participating UK companies would have an in-depth knowledge on the different business opportunities available in each key sectors, the focal contacts they can tap into to aid their market entry strategies and the routes to enter the Philippine market,” the BCCP said.
During their trade mission in the country, British firms will be meeting key government agencies including Department of Trade and Industry and Philippine Economic Zone Authority as well as lawmakers to brief them on doing business in the local market.
British firms will also have a networking session with trade and business organizations as well as potential business partners and distributors in various sectors.
“The Philippines is one of the fastest growing economies in the world with a GDP [gross domestic product]growth of 6.1 percent in 2014 and a remarkably positive GDP growth trajectory over a decade,” the BCPP noted.
“Main engines of growth are services sectors and the substantial forex earnings from Filipino expats amounting to $26-billion annually,” it added.
British firms are encouraged to invest in sectors of manufacturing, retail, tourism, agribusiness, energy, and infrastructure.