High-level UAE delegation visits Philippines to boost trade and investment ties

High-level UAE delegation visits Philippines to boost trade and investment ties

HE Al Sayegh: “The UAE and the Philippines have made significant strides in strengthening their economic and bilateral partnership, where mutual efforts have been successful in facilitating investments and collaboration in key sectors”.

HE Al Zeyoudi: “Strategically located in Southeast Asia and rich in natural resources and hard-working talent, the Philippines is a country of substantial potential that offers a wide range of opportunities for UAE businesses.”

Abu Dhabi, UAE: His Excellency Ahmed bin Ali Al Sayegh, UAE Minister of State, and His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, have led a high-level UAE delegation to Manila, Philippines, to explore bilateral trade and investment opportunities and facilitate private-sector collaboration in sectors of mutual interest.

The visit comes against the backdrop of growing economic ties between the UAE and the Philippines, which in the first half of 2023 saw bilateral non-oil trade increase by 19.4% to reach US$500 million, compared to the same period in 2022. It also follows the announcement to launch discussions towards a Comprehensive Economic Partnership Agreement (CEPA), which will add significant impetus to bilateral trade and investment flows.  

Their Excellencies were joined in the Philippines by His