Philippines and Poland seek closer business ties

The Philippines and Poland committed to strengthening trade and investment relations in key business sectors ahead of the 50th anniversary of Philippines-Poland bilateral relations in 2023.

During a recent online event co-organized by the Philippine Trade and Investment Center-Berlin (PTIC-Berlin), Philippine Embassy in Warsaw, and the Polish Chamber of Commerce, Philippine Ambassador to Poland Leah Basinang-Ruiz emphasized the importance of enhancing economic, political and social-cultural ties between the Philippines and Poland.

The Philippines currently enjoys a special trade relationship with Europe through a free trade agreement with the European Union (EU)-Free Trade Association.

Under the EU Generalized Scheme of Preferences, the Philippines is only country in Southeast Asia allowed to export over 6,000 product lines to the EU without duties.

“Through our event today, allow me to reiterate the Philippines’ openness to explore business collaborations and opportunities with our Polish partners,” said Vizmonte.

Undersecretary Robert Tomanek of the Poland Ministry of Economic Development, Labor and Technology also expressed willingness to deepen bilateral relations, especially in the areas of green technology, agriculture and food, and information technology.

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