Guenter Taus, President of the European Chamber of Commerce of the Philippines (ECCP), said the chamber looks forward to working closely with President-elect Rodrigo Duterte as he advances his economic growth agenda and promotes inclusive growth.
With over 700 members, many of them senior executives at the helm of the largest European companies in the Philippines, ECCP has worked in the past to promote its advocacies in support of the economic goals of previous administrations.
The chamber’s advocacies have a broad reach and include promoting business relations between the European Union and the Philippines; expanding the integrity initiative that calls for honesty in business dealings; making the Philippines gain more from ASEAN integration and boosting energy and energy efficiency; healthcare; infrastructure and tourism.
Taus noted that Duterte has signaled his intention to look into amending the 60-40 ownership rule in the Constitution.
“This is a very important step that will entice international companies to come in,” said Taus.
The entry of more foreign businesses should trigger an influx of foreign direct investments or FDIs that will boost employment, a key factor in mitigating poverty; sustaining high growth and fighting crime.
Taus noted that ECCP began a major expansion of its activities in Mindanao in April 2015 with the re-activation of its office in Davao City. The office will expand ECCP’s networking base in Mindanao and encourage Mindanao businesses to join ECCP ventures.
“Mindanao-based industries, especially agro-industry, are significant contributors to the country’s export performance and economic development,” said Taus who toured Mindanao last December.
ECCP organized a forum on Doing Business in and with Europe last December and another one on the EU-Philippines GSP+ in Davao City to meet the growing interest among Mindanao exporters and businessmen in the EU market.
The forums sought to provide a deeper appreciation of the advantages Philippine exporters will gain from the EU Generalized System of Preferences Plus (EU GSP+).