Trade and Investment Facilitation

The 24th Ministerial Meeting reports that investments rose more than 30% while 16 priority projects were completed despite COVID-19.

Foreign investments in the digital economy, including Industry 4.0 technologies, and infrastructure remain strong.

At a virtual forum, top officials from BIMP-EAGA countries talked about energy cooperation, including the supply of clean and affordable electricity across borders.

Reefer Express Line Filipinas, Inc. says the direct service will serve manufacturers struggling to find ways to ship their goods during the pandemic.

The two countries have signed an agreement for the avoidance of double taxation and the prevention of income tax evasion.

Key drivers of foreign investment include the transition to a digital economy, major infrastructure projects, and the RCEP trade agreement.

The ASEAN Access portal helps small and medium-sized enterprises explore market opportunities within and outside Southeast Asia.

The Malaysian budget airline sees the Philippines’ southern region among its biggest cargo markets.

Reefer Express Line is counting on Philippine bananas to make the service profitable.

Opportunities seen for coffee, palm oil, seafoods, paper, automotive products, motorbikes, processed foods, garments, and eco-friendly craft products.