DTI Secretary Gregory L. Domingo said his agency is working with GIFAS (Groupement des industries françaises aéronautiques et spatiales) to push domestic industries beyond promoting and marketing design driven products and organic food products.
said this in a keynote speech he
delivered a month ago before the visiting French delegation organized by the Mouvement des entreprises de France (MEDEF), or the Movement of the Enterprises of France
added that the Philippines is well credentialed as leading companies like SDV, Lufthansa Technik, MOOG Technologies, and BE Aerospace have already given the country a foothold in the global aerospace supply chain.
"We strongly encourage French investment, technology, and training in this sector, particularly in the field of aircraft maintenance, repair and overhaul, and logistics - areas where we believe we have the potential to further create and develop a competitive advantage," Domingo
The visit reciprocates that of Domingo's, together with his Trade and Investment Promotion Group, and Department of Finance (DOF) Secretary Cesar V. Purisima, last September in France, where they had a chance to discuss with MEDEF on the Philippine growth story and its various business opportunities.
also noted that DTI and its investment promotion agencies welcome French investments in all sectors of the Philippine economy, particularly in the sectors specified in our 2013 Investment Priorities Plan.
"I am especially heartened to note that based on the composition of the MEDEF mission, there appears to be a strong French interest in energy and infrastructure investments.
These areas are critical to our quest for continued economic growth and development and your interest in them is indeed very welcome," Domingo
further said that the Philippines looks to France as a strategic European market that can showcase its best products to the world.
"After an extended leave, the Department of Trade and Industry re-established the Philippine country brand in the global marketplace for design driven products at the Maison et Objet in Villepinte last September," Domingo
added that the success of that endeavor has encouraged us to once again put together a Philippine exhibition at the next Maison et Objet trade fair.
"The Philippines also views France as a potential major European market for our organic food products, especially for our delectable fruits and seafood," Domingo