Delegation of the European Union to the Philippines

Thursday's Trade Treat: EU invests in Philippines Jobs

15/12/2016 - 03:25
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With PHP 90 billion in 2015, the European Union remains the largest investor in the Philippines, and is becoming more important: EU share of totals went up from 11% in 2013 to 37% in 2015.

Among our 28 EU Member States, the Netherlands was by far the largest investor, with 83% of all EU investments in the last three years, followed by Germany with 8%.

Other Member States such as the Austria, Denmark, and the UK invested at least PHP 1 billion in the Philippines.

EU ambassador Franz Jessen stated that "the origin of investments is less important as its destination. European investors are into manufacturing; energy; and business processing, thereby creating added value; technology transfer and over 500,000 jobs in the country. There is potential for a lot more if the right policies are put in place"

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