PH-France to boost economic link


Department of Trade and Industry (DTI) Secretary Ramon Lopez and French Ambassador to the Philippines Thierry Mathou have discussed plans and programs to boost economic ties between the Philippines and France.

Manila and Paris both look forward for the re-activation of Philippines-France Joint Economic Commission (JEC) next year which will be held here.

In 2015, former DTI chief Gregory Domingo and French Minister of State for Foreign Trade Mathias Fekl met in Paris to reconvene the Philippines-France JEC which focuses on expanding cooperation in areas of creative industries, tourism, sustainable development, aerospace, aeronautics.

Lopez noted that France is significant trade and investment partner of the country.

He added that the European country is also an important market for Philippine products.
Philippine exports to France in 2015 has increased by 25 percent to $416 million from $332 million in 2014.

Top exports to France include electronic integrated circuits and microassemblies.

The DTI chief also noted that France supports the development of Filipino micro, small, and medium enterprises particularly startups and creative services.

Only in April, a group of French entrepreneurs launched La French Tech in Manila to boost information technology startups.

La French Tech has added Manila as one of its global hubs.



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