The British government has sent its trade envoy to the Philippines to lead an energy delegation that seeks to boost trade and investment relations with the country tagged by the United Kingdom as a high-growth market.
In a statement, the British Embassy in Manila said George Freeman MP, the government’s trade envoy to the Philippines, will be in the country from June 17 to 18 “to boost trade and investment relations between the UK and the Philippines.”
Freeman is the first ever Prime Minister’s Trade Envoy for the Philippines.
He is one of the14 envoys appointed by British Prime Minister David Cameron to selected “high-growth and developing markets.”
His selection for the Philippines is seen as a demonstration of the British government’s “strong confidence” in the growth of the Philippine economy.
It also shows the intention of the UK government to partner with the Philippines in deepening commercial ties.
During his visit, Freeman will meet with high-level government officials, local business leaders and the British business community.
He will also formally open the British Business Center, located in the Bonifacio Global City in Taguig City.
The Center, run by the British Chamber of Commerce Philippines, will provide high quality services to assist British firms seeking to do business in the Philippines.
“The UK has world leading expertise and extensive capabilities across the energy sector—from renewable energy, building upon its serious commitment to reduce carbon emissions, to the oil and gas sector from its decades of experience in the North Sea,” the embassy said.
Energy security and climate change are mutual interests of the countries as world energy demand is expected to increase by almost 40 percent by 2035.
In the Philippines, energy demand is growing at about 5 percent a year.
The British mission will meet with potential partners and clients in the oil and gas, renewable energy and energy efficiency sectors.