The Philippine Economic Zone Authority (PEZA) recently concluded an investment mission to London in the United Kingdom and Warsaw and Gdansk in Poland.
The mission was conducted in partnership with HSBC Philippines, BDO Unibank, the British Chamber of Commerce of the Philippines (BCCP), the IT & Business Process Association of the Philippines (IBPAP), the Asian Consulting Group (ACG) and the Polish Investment and Trade Agency (PAIH).
Department of Trade and Industry Secretary and PEZA board chair Christina Roque lauded the UK’s Developing Countries Trading Scheme (DCTS) as a tool for sustaining stronger trade ties, noting that the preferential trade arrangement “will provide a significant boost to trade between the two countries.”
The UK, the Philippines’ 12th largest trading partner and fourth biggest foreign investor in PEZA ecozones, has been identified by the Marcos Jr. administration as a key economic partner. Philippine Ambassador to the UK Teodoro Locsin Jr. highlighted PEZA’s competitive edge, saying that “so many British and global firms continue to choose PEZA zones is not by chance, but by design, by a model that proves good governance is still the best investment strategy.”