By: Rahel U
The British
government is giving priority to the Philippines to become the next hub for the huge ASEAN (Associasion of South East
Asian Nation) market. UK Trade Envoy to the Philippines George Freeman MP
announced yesterday his country is
expanding its economic presence within the region and encourage its
business sectors to make Philippines as a
launching pad.
At the
formal launch of the new British Business Center in Global City, Freeman told
the reporters that Great Britain is
trying to switch its economic relations with ASEAN as UK wants less
dependent with the European Union as their members are having financial issues due to the impact of Bank
crisis since 2008.
He said that
they are prioritizing the Philippines among other ASEAN countries as trade
partner because of its major opportunities. Britain leads the fastest growing
country among the G-20 economies of the world.
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| Philippines/United Kingdom |
Based on the
record, Bristish is the country’s largest foreign investor. From almost $2
billion last year, Britain sets to double bilateral trade to around 5 billion
in 2016 from the its entitles to be the country’s largest foreign investor and
sets to double bilateral trade to $5 billion in 2016.
British
Ambassador Asif Anwar Ahmad also said that Britain has been prioritizing the
winners among Asean and that includes the Philippines and its neighboring
nations such as Indonesia and Thailand
while he noted that UK would like to be part in the dramatic alteration of the
Philippine economy with better economic partnership.
Source: mb.com
Photo: credit to the owner
