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Business Opportunities: Philippines

Business Opportunities: Philippines. MBDA Global Business Forum. Philippine Trade & Investment Center Philippine Consulate General – Chicago 10 March 2010. ASEAN Economic Community

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Business Opportunities: Philippines

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  1. Business Opportunities: Philippines MBDA Global Business Forum Philippine Trade & Investment Center Philippine Consulate General – Chicago 10 March 2010

  2. ASEAN Economic Community ASEAN as a single market and production base by 2015 • Market of 583 million people • Engaged with FTA negotiations • (China, Japan, Korea, ANZ, India and EU) • Dynamic growth (4.5% GDP growth in 2010) • Global trade of $$ 1.3 trillion • Hosts $153 B FDI from US (7% share)

  3. The Philippines • Deep historical and cultural ties • “Solidly pro-American” • Market of 90 million • US is largest market and among top sources of FDI • Bilateral trade : $ 16 billion • Electronics & components • Machinery & components • Auto parts & components • Garments • Wheat & soy

  4. The Philippine Advantage • Quality Human Resources • Affinity with the West • Natural Endowment • Strategic location in Asia

  5. Available Quality Human Resources • Highly educated • English proficient • Strongly customer service oriented • Excellent in the practice of professions • Highly trainable and with fast learning curve • Cost efficient • Adaptable to universal cultures • High level of commitment and loyalty

  6. Strategic Location • Regional Hub • Access to ASEAN • Market • Asian key cities • are within 4 hours • by plane

  7. Philippine Business Agenda • Agriculture / Agribusiness & Fishery • Infrastructure • Engineered Products • Tourism / Health & wellness • IT Services / BPO

  8. Philippine IT Services • Business Processing • Contact Center • Software Development • Engineering & Architectural Design Services • Medical & Legal Transcription • Computer Graphics & Animation • Game Development

  9. Leadings Sectors for US Exports & Investments • Best Prospects for Non-Agricultural Goods and Services • Information Technology with Focus on Hardware, Software, • and Consulting Service • Telecommunications Equipment • Construction Equipment • Building Materials • Pharmaceuticals • Water Resource Equipment/Services • Medical Equipment • Food Processing and Packaging Equipment • Pollution Control Equipment/Services • Electric Power Systems

  10. Leadings Sectors for US Exports & Investments • Best Prospects for Agricultural Products • wine and beer • dairy products • fruits & vegetable (fresh/juices/canned) • breakfast cereals and pancake mixes • poultry meat • red meat products • (fresh/chilled/frozen/prepared/preserved/processed) • snack foods • chocolate candies and confectionery • frozen french fries • sauces, dressings and condiments • pet foods

  11. Leadings Sectors for US Exports & Investments • Investment Opportunities • Information & Communication Technology • Retailing • Franchising • Power

  12. Your focal point for doing business with the Philippines : Philippine Trade & Investment Center Philippine Consulate General Chicago, IL USA 60602 Tel: 312 345 9030 Email: ptic-ch@sbcglobal.net GLENN G. PEÑARANDA Special Trade Representative

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