Stronger trade relations between the Philippines and Australia

The Philippines brought home around 86 billion pesos in investment. Letters of Intent and Memorandum of Understanding were also signed between the National Development Corporation and Australian businesses, many of whom are members if not facilitated of the Australian Philippines Business Council. Credit: SBS Filipino

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The recently concluded ASEAN Summit in Melbourne brought home a total of 86 billion pesos in investments.

Key Points

Signed agreements included the renewable energy sector.
There are opportunties for upskilling in the area of cyber security.
Filipino Australian business owners played a role in the trade opportunities.

Department of Trade and Industry (DTI) Secretary Alfredo Pascual says the trade relations between the Philippines and Australia is a partnership where the Philippines benefits from Australia's advanced technologies in the sector of renewable energy and cyber security. Australia on the other hand can utilise our expertise in business process outsourcing and logistics.'

Instrumental to these business opportunities is the ongoing cooperation between the Philippines's National Development Corporation and The Australia Philippines Business Council

(APBC).

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