Many Danish companies are interested in looking for possible investments in the Philippines after the European Union accepted the Philippines Generalized System of Preferences Plus (GSP+) application.
“With this GSP+ we all expect that the Philippines exports to Europe will move up substantially next year and forward. Of course, it would be interesting for European companies to have presence here it easy to exports so we are optimistic,” Jan Top Christensen, Ambassador of Denmark, said during his visit in Manila Times office in Manila.
GSP+ will bring tariffs to 0% for two thirds of tariff lines including strategic products that the Philippines is already exporting to the EU.
“There is Danish trade delegation coming here in the Philippines in 22nd of Junauary next year. They would look opportunities in the Philippines,” Christensen said.
“The trade delegation composes of agri-food, and green areas (energy, water, environment, farming, and medical),” he said.
According to Denmark Ambassador, the businesses that cover in this delegation with all of these will study carefully the improved conditions in the Philippines.
“We see great potential from green area which renewable energy, environment, and waste management. Other areas they are interested to invest in are farming and medical.
Ambassador Christensen arrived in the country in August 1 this year after reestablishment of the Danish Embassy started the opening process in the same month after having been closed since 2002.
“Quite a number of Danish companies are already active here, but we are certain that there is scope for much more. Therefore, our Trade Council at the Embassy is expecting to substantially increase our capacity to promote Danish trade relations with the Philippines. The Embassy will continue to deepen the knowledge of the local sectors and markets and opportunities. We will be ready to advise and help Danish companies that wish to establish or expand business contacts in the country. We are eager to match the needs and demands in the Philippines with Danish expertise and resources,” he added.