PH, Australia Strengthen Bilateral Ties, Deepen Auto-Electronics Cooperation

Philippine Ambassador to Australia Ma. Hellen B. De La Vega addresses Australian investors during the business forum held on 02 June in Brisbane. (Canberra PE photo)

CANBERRA 08 June 2021 — The Philippines and Australia reaffirmed their commitment to strengthen bilateral ties and deepen cooperation in untapped multi-sector industries, particularly in the electronics sector, during the business forum themed  “Open for Business - 75 years”, marking 75 years of Philippines-Australia diplomatic relations, on 02 June in Brisbane.

"The Philippines and Australia are long-standing economic partners and today, both countries are committed even more to revitalize our business ties and support our post-pandemic recovery," said Philippine Ambassador to Australia Ma. Hellen De La Vega.

Trade and Industry Undersecretary Rafaelita Aldaba discussed that one of the Philippine priority sectors for investments is electronics, which accounts for 60% of the country's exports and commands a 10% global share in semiconductor manufacturing.

“We are positioning the Philippines as a regional manufacturing hub for EV and EV parts in ASEAN. We recognize that the future of transportation will be autonomous, connected, electric, and shared,” the Undersecretary emphasized. 

The event was part of a Make It Happen in the Philippines roadshow organized by the APBC in partnership with the Philippine Trade and Investment Center – Sydney to promote priority investment sectors in the Philippines. END

For more information, visit https://www.philembassy.org.au or https://www.facebook.com/PHinAustralia/.