UK minister for trade and investment visits PH-A A +A
Monday, September 16, 2013
THE United Kingdom's minister of state for trade and investment arrived in Manila Monday for a three-day visit that will boost the trade and investment relations between the two countries.
A statement from the British Embassy in Manila said that Lord Stephen Green of Hurstpierpoint will be in Manila for three days.
Green is expected to meet various high-level government officials and business leaders in trade, infrastructure and finance "to promote the deepening partnerships between the two countries."
The embassy said he will hold discussions with his counterparts in the Philippine government regarding "a high-level trade Philippine mission to the United Kingdom next month." Green will also meet members of the British Chamber of Commerce regarding a new partnership to support UK companies doing business in the country.
Also, Green will be in Manila "to prepare the ground" for a five-month celebration of the best of British business and culture, which will be organized by the British Embassy in Manila. Such activity is believed to "build mutual prosperity and deeper friendship with the Philippines."
The official will also be holding a range of meetings with senior business leaders to discuss potential commercial opportunities and partnerships."
UK's trade relations with the Philippines are strong and increasing, the embassy said.
The United Kingdom is the highest European and fourth highest overall source of foreign direct investments in the Philippines.
In 2012, total UK exports to the Philippines were up 13% at over £550 million.
British companies have been entering the Philippine market in recent years.
Among the recent successes are the launch of iconic men’s wear brand TM Lewin, the opening of the new Bentley showroom and the entry of Rolls Royce, the start of deliveries of new Airbus planes with major British components following the $7 billion deal with Philippine Airlines, and the tender won by GlaxoSmithKline with the Philippines’ Department of Health for the supply of pneumococcal vaccine this year.
Green began his career with the British government’s Ministry of Overseas Development.(CVB/Sunnex)