Germany improving bilateral trade with Philippines

Germany is looking to improve the two-way trade with Philippines. Germany–Asia Pacific Business Association headed by Parliamentary State Secretary Madame Brigitte Zypries of the German Federal Ministry for Economic Affairs and Energy will visit the Philippines in a business mission from October 7 to 9 to explore opportunities of boosting bilateral trade, the Department of Foreign Affairs said.

The German business mission is in time with the celebration for the 25th anniversary of German unity and the 61st anniversary of the establishment of Philippines–Germany diplomatic relations.

Madame Zypries will be present in the formal inauguration of the German–Philippine Chamber of Commerce, and witness the unveiling of a historic section of the Berlin Wall donated to the city and people of Manila.

She will also meet Foreign Affairs Secretary Albert del Rosarion to discuss Philippines–German bilateral trade and ways for its further enhancement.

Germany is the Philippines’ most significant trade partner in Europe with bilateral trade estimated at US$5.3 billion in 2014. There are an estimated 200 German companies doing business in the Philippines.