Japanese Ambassador : PHL Still Lucrative Market For Japanese investors

 

The Pandemic has not deterred the Japanese investors in investing to the Philippines, this according the Philippines’s ambassador to Japan Jose Laurel said.

“Based on my experience as Philippine ambassador to Japan, I can see that the Japanese continue to be excited about doing business in the Philippines. They see the Philippines as a lucrative market for Japanese products and services,” Laurel said at the Philippines-Japan Business Investment Virtual Forum 2020 organized by the Nikkei Group Asia

He said Japan’s continued interest in the Philippines will help the country in its recovery efforts to rise from the coronavirus disease 2019 (Covid-19) crisis.

(photo credit to owner)

He added Filipino workers are highly regarded for their skills, making the Philippines as an attractive destination for Japanese investors.

Laurel also cited a study by Japan External Trade Organization (JETRO) indicating that as of 2017, around 1,502 Japanese companies were operating in the Philippines and employing some 320,000 Filipinos.

Sixty percent of these Japanese firms are export manufacturers. They exported USD13.3 billion worth of products, accounting for 26 percent of Philippine merchandise export back in 2017, the envoy added.

During the official visit of President Rodrigo Duterte to Japan in May 2019, the Philippine delegation bagged 26 business deals amounting to USD5.5 billion.

These business agreements are expected to create 82,737 new jobs.

 

BE YOUR OWN BOSS! Join the most trending Online Negosyo now.

 

For only 15,888 you can have 5 online shops of various food, health and beauty products, plus Ninja Ion and Coppermask.

 

Reserve your slots now. Send a message by clicking the button below.

 

Ask me how, leave me a message in  https://www.facebook.com/siomai.online0212/

What can you say about this?

Share us your thoughts by simply leaving on the comment section below. For more news updates, feel free to visit our site often.

Stay updated with today's relevant news and trends by hitting the LIKE button.

 

Thanks for dropping by and reading this post.

 

Report from mntfo

 

Disclaimer: Contributed articles does not reflect the view of THE PH CHRONICLES. This website cannot guarantee the legitimacy of some of the information contributed to us. You may do additional research if you find some information doubtful. No part of this article maybe reproduced without permission from this website.