29 April 2016 – Philippine Secretary of Trade and Investment Adrian Cristobal, Jr., DTI Undersecretary Nora Terrado, and Philippine Ambassador to France Maria Theresa Lazaro represented the country at the official launch of the “OECD Investment Policy Review of the Philippines” done at the headquarters of the Organization for Economic Cooperation and Development (OECD) in Paris.

The high-level panel discussion, opened by OECD’s Deputy Secretary-General Douglas Frantz, was attended by Ambassadors and representatives from the member-countries of the OECD, as well as the OECD secretariat.

In his presentation, Secretary Cristobal conveyed to the panel that, “this investment policy review is a good first contribution of the OECD to countries of the developing world. This was indeed a learning experience. Not only did we learn more about ourselves, but we learned more about each other.” He also said, “the turnaround story of the Philippines is complete. From the sick man of Asia, we have become a tiger economy,” and elaborated on the factors that enabled the Philippine economy to recently flourish at a rapid pace.

Describing the review report, OECD’s website mentions that, “the current macroeconomic situation in the Philippines is favorable, remittances are high, the business process outsource industry is booming, and the new Competition Act will help to make the domestic market more competitive.”

Deputy Sec. Gen. Frantz had noted that this policy review report marks a milestone in the Philippines-OECD partnership.

For more information about the report, visit: http://www.oecd.org/daf/oecd-investment-policy-reviews-philippines-2016-9789264254510-en.htm END