Trade Secretary Alfredo said Nitori Philippines, a wholly-owned unit of Japan’s Nitori Co. Ltd. is the first major investment in the country under the Retail Trade Liberalization Act (RTLA).
Pascual said Nitori’s renowned quality and competitive prices on household products and personal items would give Filipinos wider berth in terms of options.
“Nitori’s expansion isn’t just a milestone for the company. It’s a win for Filipino consumers, as they enjoyed the quality products offered by Nitori. The investment and job creation that come with such an expansion are precious to the Philippines’ robust economic development,” he said.
He said Nitori’s commitment to the Philippine market and its potential for expansion mutually benefits the company and the country “Therefore, we encourage Nitori to make the Philippines the base source of its locally manufactured products, contributing to the local economy and taking advantage of the growing Philippine economy and large consumer base,” he said.