THE Philippines advanced its investment agenda at two events held recently in China and the United States.In a statement late Monday, the Department of Trade and Industry said its attached agency, the Philippine Trade and Investment Center (PTIC), joined the Regional Comprehensive Economic Partnership (RCEP) Economic and Trade Cooperation Symposium in Beijing.Also present were representatives from Australia, Brunei, Indonesia, Malaysia, Vietnam, and Japan.The event explored ways to deepen industrial integration under the RCEP framework. PTIC-Beijing Commercial Counselor Glenn Peñaranda highlighted the Philippines’ interest in expanding cooperation in services, which is covered by the RCEP agreement.DTI will likewise promote investment opportunities in digital infrastructure, data centers, and tourism facilities at the coming China International Fair for Trade in Services (Ciftis) in September at Shougang Park in Beijing.“The Philippines brings strong capabilities in Information Technology and Business Process Management (IT-BPM), including contact centers, global shared services, health information management, games and animation, and software development,” DTI said.The RCEP, established in 2021 in Beijing, is the world's largest free-trade agreement between 15 Indo-Pacific countries. It lowers trade tariffs for member states, with over 90 percent of merchandise enjoying zero tariffs.It also covers trade in services, intellectual property, e-commerce, and investments.The event was organized by the RCEP Industry Cooperation Committee (RICC).Investment and Tax BriefingMeanwhile, PTIC-New York hosted an Investment and Tax Briefing at the Philippine Center in Manhattan, pitching a dynamic, inclusive economic environment for potential investors. The event was held in collaboration with the Philippine Consulate General in New York and the Asian Consulting Group (ACG).Trade Commissioner Alma Argayoso talked about the country's robust economic performance, sustained growth trajectory, and record-breaking levels of foreign direct investments.Consul General Senen Mangalile discussed fostering a sustainable and climate-resilient economy, calling it “an essential pillar for attracting sustained foreign investments.”ACG founder and chief tax advisor Mon Abrea said reforms will strengthen the Philippines’ competitiveness, attract quality investments, and advance inclusive economic growth.Members of the Philippine American Chamber of Commerce (PACC), Filipino community leaders, and private sector representatives attended the event.
PH pushes trade agenda in Beijing, New York
