EU-PH trade relations remain strong – official


TRADE relations between the European Union (EU) and the Philippines remain strong despite the added vigilance from investors and potential market participants, an EU official said on Tuesday.

“There is no question, that the EU business community is bullish on opportunities in the Asean, including the Philippines,” EU Ambassador to the Philippines Franz Jessen said during the EU-PH Business Summit (EPBN) press conference.

He said “it is key that we focus on the fact that despite the president’s strong rhetoric, people in government and in the private sector are continuously working together on further improving the business environment and leveling the playing field for both EU and Philippine companies alike.

“The strong belief that the government’s 10-point program is the foundation for the future growth of trade and investments in the country, Jessen added.

Projects will be geo-tagged so that we can monitor them on a weekly basis using Google Maps,” he noted.

At present, he claimed that DBM and the Department of Public Works and Highways are looking at all the projects in the government’s pipeline, considering railway system in Mindanao.

“I assure that our infrastructure reforms will not be for nothing. The government has already started streamlining the approval process for major public infrastructure projects,” he said.

Recently, the National Economic Development Authority (NEDA) Board approved nine projects worth a cumulative P171.3 billion.


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