American companies have signified interest in investing in the Philippines in the areas of digital transformation, sustainable development, supply chain resiliency, and micro, small, and medium enterprise empowerment.
This was expressed by members of the US-Asean Business Council (US-ABC) on May 22 as part of the annual Philippine Business Mission of the US in the country.
During the meeting, Secretary Alfredo Pascual of the Department of Trade and Industry (DTI) indicated the agency’s readiness to assist US firms in addressing their concerns to ensure a competitive business climate.
Pascual also cited US private sector’s expertise, resources, and innovative spirit as invaluable assets that can significantly contribute to advancing the Philippines’ economic agenda that is focused on infrastructure development, human capital enhancement, digital transformation, and sustainable practices.
Pascual told delegates major investments in the Philippines of companies like SpaceX, Dyson, Daesang Corp., and Nitori demonstrate the Philippines’ capabilities and its competitive advantage in the region.
Pascual said some US companies also took the opportunity to seek the assistance of the DTI in addressing various concerns which he did not identify.
