Despite strong headwinds that the global economy is facing, French companies remain confident in investing in the Philippines, French Ambassador to the Philippines Michèle Boccoz said.
In a press conference Monday, Boccoz said the visit of French business delegation here reflects the optimism of French investors in the Philippine economy despite the uncontrollable factors happening globally that affect economies.
“But as you see, there are large group of companies coming and that shows optimism in their part in continuing to develop their business, particularly in the region. The Philippines has a very good outlook in the economic growth. I think, the Philippines is a growth champion of the Asean region, which itself is champion in the world,” she said.
Boccoz cited sectors which French businesses are interested to invest in the country, including construction, energy, banking, maritime, and innovation, among others.
The French envoy added that with the recent enactment of laws such as the amendments to the Public Service Act, Foreign Investment Act, and the Retail Trade Liberalization Act, the Philippine government is sending “a very good message” to foreign investors and is making the country more attractive for investments.
About 25 French companies are currently in Manila for a business delegation led by the Movement of the Enterprises of France, which is the largest employer federation in France. (PNA)
