Philippine delegation meets Dutch businesses to boost investments

A Philippine delegation met with over 30 Dutch participants from major businesses and financial institutions to encourage investment in the country.

Finance Undersecretary Domini Velasquez highlighted the Philippines' consumer market, skilled labor force, and infrastructure development, emphasizing the benefits of the CREATE MORE Act for business success.

Trade Undersecretary Rodolfo discussed priority investment areas eligible for incentives such as electric vehicles, smart manufacturing, semiconductors, green metals, food and agriculture, tourism, renewable energy, and data centers or telecommunications infrastructure.

ING CEO Steven van Rijswijk noted that over 100 Dutch companies have invested in the Philippines, generating $5 billion in export revenue and creating about 350,000 jobs.

For five consecutive years, the Netherlands has been the Philippines' second-largest trading partner and export market in Europe, with significant foreign direct investment from Dutch companies operating across various sectors.