The Department of Trade and Industry (DTI), through its Philippine Trade and Investment Center in Berlin, presented to more than 100 German company representatives the Philippine investment climate and business opportunities, as well as competitive investment incentives offered to German companies at the recent Asean Investment Forum on July 10 at the Ernst & Young- Düsseldorf Auditorium in Germany.
The Asean Investment Forum 2018 is a joint project of the investment promotion agencies of the Philippines (DTI-Berlin), Malaysia, Thailand and Singapore, in collaboration with the German Asia-Pacific Business Association, Ernst & Young Düsseldorf and IHK Düsseldorf.
The keynote address was given by Dr. Andreas Stoffers of SDI München, who emphasized Asean as a thriving economic zone. The event also featured a lecture by Mr. Eduard Herda of EY on operating business models in Southeast Asia, and testimonials from German companies present in the region. For the Philippines, Mr. Dirk Sohns, head of Asset Management of STEAG GmbH talked about their presence and experience in doing business in the Philippines.
Meanwhile, PTIC-Berlin Commercial Counsellor Althea Antonio served as the official representative and presenter for the DTI. In 2017 Germany ranked as the Philippines’s 11th trading partner (out of 223), seventh export market (out of 216) and 12th import supplier (out of 198). For 2018 Germany remains in the top 10 markets of Philippine merchandise goods. On the investments front, Germany ranked third as top source of investment promotion agency (IPA)-approved investment from 2011 to 2017 in the European Union, following the Netherlands and the United Kingdom. In 2017 it ranked as the 12th investment source, with $29.19 million worth of IPA-approved investments.
For further information on the release, please get in touch with:
The Office of the Undersecretary for Trade and Investments Promotions Group (TIPG)
Office Address: 3/F DTI International Building #375 Sen. Gil J. Puyat Avenue, Makati City 1200
Telephones: 890.4891 / 465.3300 local 310 Fax: 895.3993
Contact Person: Ms. Kathleen Joyce Bondoc, Mobile: 0927.257.7396
E-mail address: outipg@dti.gov.ph, KathleenJoyceBondoc@dti.gov.ph
Web site: www.dti.gov.ph
Image credits: DTI