BCCP backs Marcos' plan to attract more foreign investors

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Metro Manila (CNN Philippines, August 18) - The British Chamber of Commerce of the Philippines (BCCP) said it supports President Ferdinand "Bongbong" Marcos Jr.'s pledge to make the country an investment destination.

BCCP Exec. Dir. Chris Nelson told CNN Philippines that Manila is a key market and is a "gateway" to its neighbors--which attracts investors from the United Kingdom.

"We've always advocated that, while the Philippines on itself is a very important market, we want to see it as a gateway to Southeast Asia," he said.

Nelson added that companies coming in from Kent, Sussex, and the southeast areas of England to the Philippines will have opportunities to meet Filipino partners, and then branch out to nearby Asian countries.

He also said the BCCP sees plenty of opportunities in the country--noting investments in agriculture, food, and retail industries that could be developed.

Nelson cited UK pork exports to the country, which have risen 46%, making the Philippines one of the region's "key markets," next to China.

Despite the impact of the COVID-19 pandemic, the BCCP earlier said companies from the UK remain confident about doing business in the Philippines.