ASEAN KEY DESTINATIONS
Two UK business missions to PHL set before year's end
Hoping to double trade with the Philippines by 2017, the United Kingdom's Embassy in Manila announced over the weekend that it is organizing two business missions to the Philippines before the end of the year.
"The business missions are part of the plan to double trade by 2017," UK Trade and Investment director in Manila Iain Mansfield said.
Mansfield told reporters that the business missions are slated for November and December,
with the first composed of firms from all over the UK and the second to be participated in by companies from London and the North Western part of the country.
In 2012, two-way trade of goods and services of the two countries reached ?1.2 billion.
The two impending business missions will bring the total of UK-led missions to the country to a total of six to seven this year.
"That is the highest number (from the UK) in a while," Mansfield said noting that there has been increasing interest from British firms to look at opportunities here given the country's positive economic performance.
Meanwhile, Mansfield also said the UK Embassy has put a series of webinars in motion, for companies who may not be able to reach the country at the moment.
The first webinar was conducted in August and eight more are planned before March, which would cover topics including retail, starting a business in the Philippines as well as the education sector, explained Mansfield.
"We want to attract British companies to export, do business or invest in the Philippines," Mansfield said.
Mansfield said it is difficult for some companies in the UK to come to the Philippines, hence the webinar is being used by the British Embassy as a tool to market the country.
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