2023 European-Philippine Business Dialogue and Gala Dinner

Over the years, the Philippines' image as a competitive investment destination has improved with the country being cited as one of the bright spots in Asia, resulting in an increase in interest from foreign investors. Multilateral and international organisations have expressed confidence in the growth prospects of the Philippines. Today, the Philippines is at an optimal position to welcome a new era of economic growth by capitalising on the government's recent game-changing economic milestones.

The passage of the amendments to the Foreign Investment Act, Retail Trade Liberalization Act, and Public Service Act, as well as the relaxation of the foreign participation limitation in the renewable energy sector and the recent ratification of the world's largest trade bloc known as the Regional Comprehensive Economic Partnership (RCEP) are among the country's key strategies to attract high-levels of trade and investment and will further drive the Philippines' regional and global competitiveness as an…