British companies have expressed interest to supply pork to the Philippines.
Chris Nelson, executive director of the British Chamber of Commerce Philippines (BCCP) said in a recent webinar meat producers in the United Kingdom are interested to supply pork to the Philippines.
Nelson said in line with its objective of promoting trade and investment between the UK and the Philippines, BCCP aims to assist and support the government’s efforts to provide adequate and affordable food during the pandemic.
At the webinar, officials of the Department of Agriculture and the Philippine Association of Meat Processors Inc., noted the need to import pork to immediately regulate prices.
BCCP cited government statistics which showed as of February , the country’s swine inventory decreased sharply by 3 million heads or 24.1 percent from 2020 to 2021.
DA estimates the supply deficit for this year lies between 290,000 to 477, 000 metric tons.
Meanwhile in a separate webinar, Nelson said BCCP believes the passage of the amendments to the Retail Trade Liberalization Act , the Foreign Investments Act and the Public Services Act will increase the country’s investment appeal and better compete with its Asean counterparts.
Nelson said BCCP been a strong supporter of liberalizing the economy further, noting the country’s talented and young population as a strong point in terms of attractiveness for foreign direct investments.
The Chamber hosted a digital event entitled Economic Watch: Boosting Resilience and Recovery featuring FinanceUndersecretary Antonette Tionko who said these key economic bills have been certified urgent by President Duterte. – Irma Isip
