UK, PH trade and investments to help in economic recovery
Believing in the importance of trade and investment in the economic recovery of the country, BCCP Executive Director and Trustee Chris Nelson noted that the Philippines is positioned as a gateway to Southeast Asia and will remain attractive for long term investments with further opening of its economy, easing foreign ownership restrictions and passing of critical economic amendments on RTLA Act, Public Services Act and Foreign Investments Act and CREATE bill.
In his interview via Zoom with another media company, Nelson promoted the upcoming event on March 23, 2021, the “Make It Happen in the Philippines: A Role in Your Global Business” in partnership with the Philippine Trade Investment Centre – London, Board of Investments and all the European chamber in the country. The event will showcase the country’s dynamic workforce, the IT-BPM and High-tech manufacturing industry to the European market.
Through the years, the British Chamber has been successful assisting British SMEs to do business in the Philippines in partnership with the UK Department for International Trade. The Chamber has assisted over 2,600 companies from Food and Drink, Retail, Energy, Manufacturing and Business Services sectors. It continuously receives growing interest from British companies despite the economic challenges caused by the pandemic.
The Executive Director and Trustee of BCCP also mentioned during the interview the current opportunity that the Chamber has is the discussion with the UK’s Agriculture and Horticulture Board to help boost the supply of meat in the Philippines after African Swine fever outbreaks reduced hog inventories.