Taiwanese investors to invest in PH’s agriculture, aquaculture industries
Several Taiwanese investors expressed interest to invest in Philippines’ agriculture and aquaculture industries as they remain bullish on the country’s economic prospect.
This was revealed during the recent visit of some Taiwan External Trade Development Council (TAITRA) representatives in the country.
The Philippine Board of Investments (BOI) Extension Office in Davao, with Mindanao Development Authority (MINDA), Department of Agriculture, Department of Trade and Industry, Local Economic and Investments Promotion Officers of Davao Region particularly met with the TAIRA representatives led by its Manager Albert Fan.
Fan informed the Davao stakeholders that TAITRA is looking for business partners in agriculture and aquaculture, which also happen to be two of Taiwan’s key sectors.
Trade Undersecretary and BOI Managing Ceferino Rodolfo said the shared optimism and confidence of Taiwanese investors in making their businesses grow in the Philippines particularly in Mindanao is a pronounced manifestation of the country’s inherent and competitive advantages.
He said that this positive development is a testament to the country’s sound economic fundamentals and sustained investor confidence that bodes well with the BOI’s thrust to further strengthen the country’s position as a preferred global investment destination.
Rodolfo also said that investment prospects in Mindanao remain rosy given the P29.35 billion significant investment projects registered with the BOI from January to December 2017.
Of this investment value, P15.25 billion were from Region 12 (SOCCSKSARGEN), P7.23 billion from Region 10 (Northern Mindanao), P5.43 Billion from Region 11 (Davao Region), and P1.44 Billion from Region 13 (CARAGA).
The visit was in preparation for a planned Taiwan Trade Mission to Davao on March 2018 where TAITRA targets to bring in around 20 to 25 Taiwanese companies in the production and marketing of food processing and packaging machineries, green industry products and medical devices industries