Japanese manufacturers investing in Philippines is said to gain steam as a new group of investors is scheduled to scout for business opportunities in the country this week. The Japan External Trade Organization (JETRO), a government-related organization that works in promoting mutual trade and investment between Japan and the rest of the world, has organized a four-day investment mission to the Philippines, with the participation of Japanese with an interest in doing business in the country.
“The further Asean economic integration progresses, the more opportunities and activities are expected in various business fields in the member countries. The Philippines has enhanced its presence among them with higher rate of economic growth,” Jetro said.
The Osaka Prefecture Economic Mission met with the Philippine Chamber of Commerce and Industry and the Philippine Economic Zone Authority (PEZA) last month. The Osaka Prefectural Government (OPG) of Japan also signed an agreement with PEZA to make the latter’s economic zones, a priority for overseas expansion among Osaka-based small and medium enterprises.
