Department of Finance (DOF) Secretary Ralph Recto welcomed British Chamber of Commerce Philippines (BCCP) Executive Chairman Chris Nelson during a courtesy visit to discuss trade and investment opportunities.

The visit is part of BCCP’s effort to strengthen partnerships with the Philippine government. The Chamber highlighted the Philippines’ growing appeal to foreign investors, with over 150 French companies employing nearly 100,000 people.

Both parties also discussed the UK-Philippines Joint Economic and Trade Committee (JETCO), which addresses market barriers in agriculture, renewable energy, and infrastructure. Nelson expressed support for three key bills: the E-Governance Act, Konektadong Pinoy Act, and Cybersecurity Act.

Nelson also emphasized the importance of liberalizing the economy and digital transformation, positioning the Philippines as a gateway to Southeast Asia.

The Philippine government’s focus on food security and inflation management continues, with the country reporting 1.8 percent inflation in March 2025. The Department of Finance also praised the extended tariff cuts on agricultural products under Executive Order No. 62.

The meeting ended with the announcement of the Philippine Economic Zone Authority’s UK investment mission in June 2025. The British Chamber reaffirmed its support for tax incentives, digitalization, and ease-of-business initiatives to make the Philippines a top investment destination.