Spanish businessmen view the Philippines as a very attractive site to expand operations, particularly given the country’s need to improve the infrastructure and energy sectors, which are areas of expertise for many Spanish businesses.
In a statement, the Department of Trade and Industry (DTI) said Secretary Adrian Cristobal Jr. and Philippine Ambassador to Madrid Carlos Salinas met with the Spanish business organization Confederation Espanola de Organizaciones Empresariales (CEOE) to discuss trade relations and investments between the Philippines and Spain.
The meeting was held last Tuesday, May 3, at the Philippine Embassy in Madrid.
The DTI said the two million member companies under CEOE are “interested” in doing business in the Philippines.
These firms are involved in infrastructure, renewable energy, food, finance, and information technology, among others, which are some of the Philippine growth sectors seen as having the highest potential for industry players.
CEOE — Spain’s confederation of employers and industries — is composed of some two million companies and self-employed entrepreneurs from all sectors of the Spanish economy.
Aside from CEOE, business groups all over the world are keen in meeting up with the trade secretary to explore business, trade and investment opportunities in the Philippines, the DTI said.
Past business organizations that have scheduled and conducted meetings with the DTI, Board of Investments, and other local business organizations were from Middle East, the United States, Switzerland, Slovenia and other European countries.