President Ferdinand Marcos, Jr. (L) and German Chancellor Olaf Scholz. | PHOTO: Official Facebook page of Bongbong Marcos
MANILA, Philippines — Trade Secretary Alfredo Pascual said that the investments that the Philippine delegation obtained in the visit of President Ferdinand “Bongbong” Marcos Jr. show the trust of German businesses in the country.
“These agreements only signify the confidence that German businesses placed in the Philippines, but they also underscore the alignment of our economic priorities,” Pascual said in a business forum on Tuesday.
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“Spanning key sectors such as healthcare, manufacturing, innovation, agriculture, and renewable energy, these ventures hold promise of shared prosperity and sustainable development,” he added.
According to the DTI, the total investments made during the forum totaled to $4 billion.
Currently, Marcos is on a working visit from March 11 to 15 in Germany and the Czech Republic.
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The DTI added that the business forum between Philippines and Germany was attended by over 100 German firms from various fields, such as energy, electronics, telecommunications, infrastructure, and manufacturing, among others.
The forum was also co-organized by the Philippine Trade and Investment Center-Berlin, the Asien Pazifik Auschuss (APA/Asia Pacific Committee of the German Business) and the German Federal Ministry of Economic Affairs and Climate Action.