Italy wants to expand its businesses in Southeast Asia and the Philippines is a favoured destination for Italian businesses aiming to expand their operations in that region, according to Enrico Letta, president of the Associazione Italia-ASEAN, who addressed an online webinar recently organised by his organisation and the Italian Chamber of Commerce.
“Letta said Italy intends to expand its businesses in the ASEAN region, with the Philippines as its top priority, as the said seminar aims to strengthen relations and bridge opportunities between Italy and the Philippines,” said the Philippine board of investments (BoI), an agency under the department of trade and industry.Italy wants to expand its businesses in Southeast Asia and the Philippines is a favoured destination for Italian businesses aiming to expand their operations in that region, according to Enrico Letta, president of the Associazione Italia-ASEAN, who addressed an online webinar recently organised by his organisation and the Italian Chamber of Commerce.#
“With our Rebuild Strategy and 3Ps (Policies, Projects & Programs, Promotion) of industry development supported by the country’s strengths, there is a wide scope of business opportunities for Italian investors, complementing Italy’s expertise to support Philippine infrastructure projects and other industries, such as garments,” Lanie Dormiendo, BoI officer in charge-director, was quoted as saying in a statement.
She added that the government’s ‘Make It Happen in the Philippines’ branding campaign, which was launched in November, also stressed “the strength and adaptability of the Philippines to weather through challenges, exuding strength and adaptability, even in times of difficulties.”
Sectoral opportunities for Italian investors, focusing on garments and textiles, specifically for natural fibres like abaca and pineapple, were also discussed by Dormiendo, Philippine media reportd.
ALCHEMPro News Desk (DS)
marketing@alchempro.com
