New Zealand companies are eyeing the Philippines’ 117 million-strong consumer market, following the recent visit of Prime Minister Christopher Luxun to Manila.
“They’re coming in open vistas as to the Philippines’ potential. New Zealand producers are thinking of investing here. Nothing is specific yet, but we highlighted the areas where we wanted them to consider investments,” Trade Secretary Alfredo Pascual said.
With only 5 million people in the whole of New Zealand, Kiwi investors plan to bring in what they have in excess such as dairy products with the possibility of putting up facilities for eventual manufacturing operations in the Philippines.
The two countries may even consider to collaborate on mounting direct flights between them through flag carrier Air New Zealand Limited. Pascual said a good way to strengthen bilateral trade is through cultural goods, “which can be a basis for increasing exports.”