Japan on the process of expanding business exchanges with PHL

Kansai Economic Federation (Kankeiren), one of Japan’s representative economic organizations, visited the Philippines for a survey mission with 20-member delegation to investigate Philippine economic situation and business environment. The federation also studied economic integration of ASEAN, countermeasures against environmental problems and disaster protection.

Kankeiren vice chairman and Panasonic Corporation vice chairman of the Board Masayuki Matsushita said the findings in this mission will be a basis for expanding business exchanges between Kansai, Japan and the Philippines.

Kankeiren has 1400 members from manufacturing, trade and services, and financial sectors based in Kansai, Japan. Kansai is the second largest region in Japan in terms of economy.

Executives from Kyoei Steel Ltd., Itochu Corporation, Sojitz Corporation, Sumitomo Corporation, Daikin Industries, Ltd., Japan Bank for International Cooperation, Obayashi Corp., Mitsui & Co., Ltd., Mitsubishi Corporation, Marubeni Corp., Hitachi Zosen Corp., Daiwa Institute of Research Ltd., and Takenaka Corporation are among the delegation.

“Japan has been instrumental in improving the country’s business environment and addressing infrastructure developments through its Overseas Development Assistance (ODA). We greatly value and welcome inputs of the Japanese in rolling out the country’s major infrastructure projects to sustain the upward momentum of the Philippine economy,” DTI Undersecretary Adrian S. Cristobal Jr. said.