MANILA – The government of New South Wales aims to strengthen its trade and investment ties with the Philippines, particularly sharing its expertise and technological know-how and participating in infrastructure projects.
In a statement Monday, Department of Trade and Industry (DTI) Secretary Ramon Lopez said the government of New South Wales expressed its interest to boost its economic relations with the Philippines, after New South Wales Premier Gladys Berejiklian visited the country last week.
New South Wales is located in Australia’s east coast.
“We welcome Australian investors and businesses that will help us uplift the lives of those at bottom of the pyramid and enable the Philippines to contribute in the global value chain. New South Wales has expressed strong confidence in our economy and the business environment stability under the Duterte Administration and wish to partner with us,” Lopez said.
“We will continue to work on opening areas of investment and increase employment and business opportunities for all Filipinos,” he added.
In his meeting with Berejiklian, the trade chief highlighted the country’s manufacturing sector, wherein Australian companies can also participate, especially in research and development.
On the other hand, the Berejiklian noted that the businessmen from New South Wales are looking at opportunities in the Philippines’ information and communications technology (ICT) sector.
Among the top imports of New South Wales include telecommunication equipment and computer, as well as passenger motor vehicle, medicaments, refined petroleum.
She said the country’s strong economic growth and workforce continue to attract Australian investors. (PNA)
