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Saturday, April 10, 2004
RP remains good place for business, 4 trade commissioners say
DO NOT be daunted by doomsday scenarios and political uncertainties due to the May polls.
So said trade commissioners of four countries -- Australia, Canada, New Zealand and the United States -- who believe the Philippines remains a good place for business.
While security threats in the country continue, this is not primary in the list of concerns of foreign businessmen, the trade commissioners said.
And to back their faith in the country, they will stage the Second World's Finest Food Trade Show next month.
The business event is an affirmation of their optimism to step up trade ties with the Philippines, Australian senior trade commissioner Alan Morrell said.
"The Philippines is seeing some sectors of economy moving quite well. Food comes into that category and consumer goods in general," Morrell amplified in a press conference at the Australian Embassy in Makati.
The retail business is growing and the existence of small chains in the country attests to the strong consumer demand in the country, according to US Agriculture Trade Officer Michael Woolsey.
"The platform for important products is growing," Woolsey stressed.
"The Philippines is a very significant export market and trade partner," said Canadian Trade Commissioner Richard Bale. He went on to add that the Philippines was Canada's largest export market in Southeast Asia last year.
New Zealand Trade Commissioner Ramoncito Bernales said they are strengthening their presence in the country by continuing to identify market strategies. OPS
(April 10, 2004 issue)
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