ZURICH: The Department of Trade and Industry (DTI) is encouraging more companies from Switzerland to invest in the Philippines and take advantage of its “liberalized trade and investment flows.”
In the Philippine-Swiss Business Forum held at the Swiss city of Zurich on March 28, Trade Undersecretary Ceferino Rodolfo said the country “is maximizing the opportunities brought by bilateral, regional and international trade and investment agreements to position itself as a strategic partner of Switzerland.”
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“Investors can benefit from more liberalized trade and investment flows, ensure continued and enhanced market access to [Southeast Asia] and Asia, and facilitate cross-border industrial complementation,” he added.
His statement came after the country ratified the Philippines-European Free Trade Association (EFTA) free trade agreement (FTA) on March 5. It is expected to be implemented on June 1.
