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Back You are here: Home News Top News Binay pushes for more Israeli investments in the Philippines

Binay pushes for more Israeli investments in the Philippines

Vice President Jejomar C. Binay said he hopes the intensifying relations between the Philippines and Israel would translate to more investments, noting that their trade relations represented a very small percentage of the overall Israel-Asia two-way trade.

“I hope that our strengthening bilateral relations translate to more investments between our countries,” Binay said on the first day of his official visit to Israel.

 He urged ranking Israeli officials to explore new trade and investment opportunities in the Philippines, following his meeting with Israeli President Shimon Perez at the latter’s residence in Jerusalem.

Binay said the Philippines could benefit from Israel’s technological advances in agriculture and food production. He also said he wants to learn how the Philippines could attract technology transfer and further investments from Israel to the Philippines.

“I am happy to note that Filipino agricultural workers are being exposed to Israeli agricultural technology that is considered among the best in the world,” Binay said.

“I hope more Philippine fresh produce, such as pineapples and coconuts would find its way into the mainstream Israeli retail market. The embassy has initiated the mechanism for the approval of pineapple importation to Israel in coordination with the Israel Ministry of Agriculture,” he added.

While in Israel, Binay will attend a dinner meeting with Foreign Minister and Deputy Prime Minister
Avigdor Lieberman to discuss regional developments. He is also expected to meet with Israeli business groups to reinvigorate the overall trade relations between the two countries.

The Vice President will also lay a wreath at the Yad Vashem Holocaust Museum in Jerusalem to pay his respects to the victims of the Holocaust, followed by a visit to the Rishon Lezzion Municipality to visit the Open Doors Monument, which honors the Philippines’s humanitarian act of providing refuge to Jews during the Holocaust.

Binay is scheduled to meet the Filipino community in Beit Dani, Tel Aviv. He is also slated to attend the inauguration of the Philippine Square at the City of Haifa and meet Mayor Yona Yahav of Haifa city in honor of the sister-city relations between Haifa and Manila.

Before going to Israel, Binay was in Rome, as representative of President Aquino, to the canonization of Blessed Pedro Calungsod.

Prior to that, he was at the 2012 European Development Days in Brussels, Belgium, and was in Luxembourg to meet with officials of the European Investment Bank. 

 

 

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