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PH to Ink Free Trade Deal with EU

by: Ronald Escanlar

Friday, March 18, 2011 | Outsourcing News |

The Philippine government expects to improve and enhance business relationships with European Union countries, especially with the United Kingdom (UK), via a proposed EU-Philippines free trade agreement, reports Adrian S. Cristobal Jr., Philippine trade and industry undersecretary for international trade group.

Philippines already an offshoring destination for outsourced work

Our English-speaking business environment, multicultural sensitivities, and strategic location in Asia are attractive for British companies seeking to expand its business in Southeast Asia,” the official says.
The Philippines is already known in the UK as a viable offshoring destination for outsourced work, especially since the country’s BPO industry has bagged the Offshoring Destination of the Year Award for the years 2007, 2009, and 2010. The awards were given by UK-based National Outsourcing Association (NOA).

“As we work towards the EU-Philippines FTA, we hope that more business and investment opportunities will open up for both countries,” comments Cristobal.

The Philippines already plays host to some of the UK’s biggest companies – HSBC, BP, LogicaCMG, and Shell.


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