Philippines eyes trade boost at 43rd Asean summit
Inquirer.net MANILA, Philippines–The 43rd Asean Summit in Jakarta is a pivotal platform for President Ferdinand Marcos, Jr. to enhance trade and investment ties between the Philippines and other Asean nations, said Speaker Ferdinand Martin G. Romualdez on Wednesday.
The Asean summit provides an excellent venue for President Marcos to showcase the distinct advantages the Philippines has as a trade and investment hub so as to create more jobs and business opportunities for the Filipino people, said Romualdez.
He brought to light several legislative reforms which include the amendment to the Public Service Act, Foreign Investment Act, and the Retail Trade Liberalization Act. These reforms aim to widen the Philippines’ doors for foreign investments.
Furthermore, the Corporate Recovery and Tax Incentives for Enterprises Act has been designed to present enticing incentives for potential investors.
