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PHILIPPINES

 

DECEMBER 2017

 

President Rodrigo Duterte in his 10-point Socioeconomic Agenda, envisioned the reduction of poverty from 21.6% in 2015 to 13%-15% by 2022. Among the reforms that will drive this Agenda is the development of industries and acceleration of infrastructure. The Philippines is overhauling its infrastructure to improve its competitiveness, create jobs and attract foreign firms, and is currently embarking on a series infrastructural projects, which are likely to be of interest to Indian business and industry. President Duterte in his "Build, Build, Build" initiative, has pledged to usher in a golden age of infrastructure through a six (6) year, USD180 billion spending spree to modernize and build roads, railways, ports, and airports. The Philippines remains open to collaboration with India in its infrastructure development needs.

-H.E. (Mrs) Ma. Teresita C. Daza, Ambassador, Republic of Philippines to India

NOVEMBER 2017

 

The Philippine agriculture sector continues to play a pivotal role in the economy and remains the country's largest single employer. Involving about 40 percent of Filipino workers, the country's agricultural sector contributes an average of 20 percent to its Gross Domestic Product (GDP). The Philippine agriculture sector is expected to sustain the growth momentum amid better Government support. The country's agricultural output grew by 5.28 percent in the first quarter of 2017 compared with the previous year. This growth could be attributed to the good climate and favorable conditions in the farming sector. Like India, the Philippines is also among the top 10 producing countries of rice, banana, coconut, pineapple, among others. While the Philippine agriculture sector has shown a positive outlook, there is much more work to be done to sustain the growth of this sector and improve its contribution to the country's economy. The Philippines is looking forward to collaborate with India in this sector particularly in various agricultural training programs.

-H.E. (Mrs) Ma. Teresita C. Daza, Ambassador, Republic of Philippines to India

SEPTEMBER 2017

 

Travel and tourism are important sectors for the Philippine economy. The country is emerging as a favorite among the tourist destinations for Indians. India currently ranks 12th among the global inbound source markets for the Philippines. In 2016, around 90,816 Indian nationals visited the Philippines resulting in an increase of 21.37 percent in growth of Indian arrivals in the country. The Philippines is hoping that the number of Indian arrivals in the country exceeds the 100,000 mark in 2017. It is also looking forward to an early conclusion of the negotiations for the re-establishment of direct flights to and from India, as this can provide huge tourism and economic benefits for the two countries.

-H.E. (Mrs) Ma. Teresita C. Daza, Ambassador, Republic of Philippines to India

FEBRUARY 2017

 

With 7,107 islands, nine UNESCO World Heritage sites, rich biodiversity, numerous historical landmarks, distinctive culture and tradition, arts and crafts, and world famous Filipino hospitality, the Philippines is one of the most attractive destinations in Southeast Asia. The travel and tourism industry continues to be an important sector of the Philippine economy contributing a total of P1.43 trillion to the Philippines in 2015. The Philippines has been engaged in a concerted effort to attract more visitors, with intensive investments in marketing and infrastructure to support the tourism industry. With the liberalization of the foreign investment law, 100% foreign equity may be allowed in all areas of investment except those reserved for Filipinos by mandate of the Philippine Constitution and existing laws. India became one of the Philippine major tourism markets, posting 22.36 per cent year-on-year growth through the granting of visa-free entry privilege for Indian nationals with valid and current American, Japanese, Australian, Canadian, Schengen Singapore or United Kingdom (AJACCSUK) visa or permanent residence permit.

-H.E. (Mrs) Ma. Teresita C. Daza, Ambassador, Republic of Philippines to India