“The objective of Japan is to really make the Philippines its manufacturing investment hub in the Asean. The Japanese delegation will include Toshiyuki Sakamoto, the director general for trade policy of Meti, and Kazumi Nishikiwa, a senior adviser to the Japanese trade minister,” Assistant Secretary for Industry Development and Trade Policy Group Ceferino S. Rodolfo said in a report by Business Mirror.
High-level Japanese trade officials are set to arrive in the Philippines today to strenghten economic relations. This will also put into works Japan’s plan to make Philippines its manufacturing investment hub in the Association of Southeast Asian Nations (Asean).
The Japanese delegation will be from Japan’s Ministry of Economy, Trade and Industry (Meti), to be received by the Department of Trade and Industry (DTI) today to kick off “industrial cooperation dialogues”.
Japan’s automotive manufacturers have a positive outlook with PH’s economy, with Mitsubishi and Toyota expanding their production plants and looking to export PH made cars.
Japan is the top export country of Philippines and third in import last 2012.