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PIA Press Release
2008/01/22

PGMA to offer Philippines' "best values for investments" to Swiss businessmen

ZURICH, Switzerland (22 January) -- President Gloria Macapagal-Arroyo will offer the Philippines as one of the best values for investments when she addresses the Swiss Chamber of Commerce on the first day of her four-day visit to Switzerland at the Savoy Hotel here.

The President is expected to promote the country's competitive advantage as a result of various reforms that were instituted, the present economic turnaround, and the world-class and English-speaking Filipino workforce.

Although RP-Switzerland diplomatic relations started only in August 1956, the Philippines and Switzerland have long standing relations that

flourished since the establishment in 1862 of the first Swiss Honorary Consulate in Manila, the first Swiss diplomatic post in Asia.

Recent exchanges of visits also strengthened political, economic and cultural relations, particularly in 2004 when both countries conducted the 2nd Political Consultation in Manila.

A Philippine mission also visited Switzerland in November 2004 to promote the Philippines' competitive advantage in business process outsourcing (BPO) and information and technology (IT) services.

Although the overall trade, estimated in 2006 at $82 million, remains a little bit in favor of Switzerland, products that are up for promotion to Switzerland are electronic goods, BPO and IT services, decorative ceramics, clothing apparel, rattan products, Christmas decors, toys and dolls, jewelry and fashion accessories. (OPS) [top]

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DAILY NEWS LIST:
»PGMA off to Switzerland for World Economic Forum and Dubai to meet investors and overseas Filipino workers
»PGMA meets RP-born CEO of giant Zuellig pharmaceutical company
»PGMA to offer Philippines' "best values for investments" to Swiss businessmen
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