MORE French companies are keen on making their foray into the Philippines or expanding their existing operations, as the two countries enhance their bilateral trade and economic relations.
Ambassador of France to the Philippines Thierry Mathou said they look forward to develop cooperation with the Philippines in the infrastructure, transportation and energy sectors.
“So far, I do not see any impact of the situation in Marawi [City] on the way our companies want to develop their activities in the Philippines,” Mathou told reporters. “Obviously, this country is booming. It is a large market.”
As the two countries celebrate the 70th anniversary of the establishment of their diplomatic relations this year, the ambassador said their trade and economic ties have been “developing rapidly”.
“French companies, which are already here in the Philippines where they provide thousands of jobs to Filipino workers, are eager to be more active and more present,” he added.
Mathou pointed out that small and medium enterprises have also been very active in the market, as indicated by the success of the French Tech network.
Apart from enhancing cultural and economic links, he said the two countries have also signed a defense cooperation agreement.
“We have all the elements on the table to really implement [a] very ambitious relationship. So I’m very confident,” he added.
Meanwhile, the ambassador reiterated his country’s readiness to intensify intelligence sharing with the Philippine government to fight terrorism and extremism.
“It is a concern for all of us so I think we have to discuss, we have to exchange intelligence…[Terrorism] is a global issue we all have to face,” Mathou added.
