PH Embassy in Madrid Holds Business, Investment Seminar in Valencia

Commercial Counsellor Froilan Pamintuan gives a presentation on Philippine investment regulations and incentives to the Spanish companies attending the seminar. (Madrid PE photo)

VALENCIA 20 August 2019 — The Philippine Embassy in Madrid co-organized a business and investment seminar held at the headquarters of the Chamber of Commerce of Valencia on 3 July 2019.

The seminar, which was organized and coordinated through the  Embassy and Philippine Honorary Consul in Valencia Atty. Manuel Carrion, was hosted by the Chamber of Commerce of Valencia.

Philippine Ambassador to Spain Philippe J. Lhuillier led the Philippine participation at the event. The Ambassador was supported by Third Secretary and Vice Consul Mikhal C. de Dios, Philippine Trade and Investment Center in Paris Commercial Counsellor Froilan Pamintuan, and Atty. Carrion.

In his opening speech, Chamber of Commerce of Valencia president José Vicente Morata noted Asia’s rapid economic development and stated that Spain could not afford to miss out on the extensive commercial opportunities in the region. In particular, he added that Spain’s special historic link with the Philippines could be the bridge in bringing both countries closer, particularly in terms of trade.

For his part, Ambassador Lhuillier described the impressive economic growth of the Philippines and highlighted some of the most important government projects such as the Build, Build, Build infrastructure program. He invited Spanish entrepreneurs to look more closely at the Philippines’ growth prospects and advantages in comparison to the rest of Asia and to seriously consider investing in the country.

Vice Consul de Dios gave a brief overview of the Philippine economy and a demographic profile of Filipino consumers and the domestic market, while touching on the Philippines’ export priorities and various points of interest for potential investors. He also went into detail on the country’s tourism potential and attractions.

Commercial Counsellor Pamintuan delivered a more detailed presentation on legal and technical considerations for incoming investors, mentioned Philippine government incentives and mechanisms for bringing in interested foreign parties, and described the basic process for setting up a business in the Philippines.

Presentations from Spanish companies then followed, with The International Business Association Logistics firm explaining to the attendees how to export goods to the Philippines, and QEV Tech sharing its experiences in trying to enter the Philippine e-vehicle market.

The presentations were followed by a reception and networking event where the Embassy representatives addressed queries and concerns from individual companies in greater detail. END

Ambassador to Spain Philippe J. Lhuillier (right) accepts a gift from Chamber of Commerce of Valencia president and host of the business seminar José Vicente Morata. (Madrid PE photo)

For more information, visit  https://www.madripe.dfa.gov.ph, https://www.philembassymadrid.com  or https://www.facebook.com/PHinSpain/.