PHL to launch business, investment program in line with ASEAN priority

MANILA-- The Philippine government, through the Department of Trade and Industry (DTI), has set business and investment initiatives this year in line with one of the thematic priorities of Association of South East Asian Nations (ASEAN).

The initiatives are under the ASEAN 2017 Business and Investment Program (ABIP) that will be launched on Tuesday in MalacaAang.

The launching will be led by President Rodrigo Duterte, DTI Secretary Ramon Lopez, and Presidential Adviser on Entrepreneurship Joey Concepcion.

"DTI as chair of the ASEAN Economic Ministers (AEM) and the chair for the Committee on Business and Investment Promotion (CBIP) will unveil several business programs for the year that will complement Philippines' priorities under the ASEAN Economic Community (AEC) Pillar," said Lopez.

The ABIP is in line with one of the six thematic priorities of the country's hosting of 2017 ASEAN Summit -- promoting inclusive and innovation-led growth for shared prosperity in ASEAN.

"Having AEC pillar in mind, CBIP developed business programs that will complement our regional effort in terms of regulatory coherence, promotion and internationalization of micro, small and medium enterprises (MSMEs), development of an innovation-driven economy, and promotion of women and youth entrepreneurship," Lopez said.

CBIP is an inter-agency committee established by the Philippines' 2017 ASEAN National Organizing Committee (ASEAN-NOC).

The CBIP's task is to engage international business community, investors, government, and other stakeholders in business- and investment-related activities during the country's hosting of ASEAN summit this year.

Meanwhile, the launching of ABIP follows the commencement of the government for its chairmanship of 2017 ASEAN Summit held in Davao City last Jan. 15. (PNA)

Source: Philippines News Agency

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