Daily TribuneAs we have maintained close diplomatic relations with states, the President can use that to strengthen ties with our most beneficial trading and investment partners, such as the United States and Japan
Trade association Makati Business Club and research group Stratbase ADR Institute expressed confidence that the Marcos administration can attract more foreign investments in agro-industrial and digitalization through its participation in global economic meetings abroad.
"As we have maintained close diplomatic relations with states, the President can use that to strengthen ties with our most beneficial trading and investment partners, such as the United States and Japan, in the areas of manufacturing and agro-industry," Stratbase founder Dindo Manhit last Friday told the Daily Tribune in a Viber message.
"We are confident that this administration will continue to advocate for reforms that will ensure our economic growth to make the country a premiere investment destination," he added.
President Ferdinand Marcos Jr. will fly to San Francisco in the US in November to attend the Asia-Pacific Economic Cooperation, or APEC, Summit.
Through Marcos' several foreign trips, Department of Trade and Industry Secretary Alfredo Pascual said the Philippines secured foreign investments amounting to $ 28.863 billion in manufacturing, renewable energy and information technology. The government plans to reach $70 billion.
Low output creates opportunity
MBC chairperson Edgar Chua said the country's low agricultural production and the massive market can lure foreign investors to develop the local agro-industry, boosting agricultural raw materials into higher valued products.
