The Department of Trade and Industry’s (DTI) Philippine Trade and Investment Center in New York (PTIC-New York) recently showcased the Philippines as a prime investment destination at the Asian Business Summit in St. Charles, Missouri, aiming to foster stronger economic collaboration between the Philippines and the United States.
During the summit, Trade Commissioner Alma Argayoso delivered a briefing to key U.S. business leaders, highlighting the Philippines’ robust economic performance and the significant growth potential across several key sectors. Focus areas for investment include:
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High-Tech Manufacturing
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Aerospace
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IT-BPM (Information Technology and Business Process Management), also known as Global Business Services (GBS)
PTIC-New York actively engaged with U.S. companies that already have established business links with the Philippines, underscoring the success of existing partnerships:
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Watlow Electric Manufacturing Company: This firm, which designs and manufactures industrial electric heaters and sensors, operates a branch in Cebu City employing approximately 20 engineers.
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US International Foods: The St. Louis–based exporter and distributor of U.S. grocery products to Asia, including the Philippines, confirmed ongoing partnerships with Philippine retailers and expressed interest in facilitating connections between Philippine suppliers and potential partners in Missouri.
The PTIC-New York’s participation in the Asian Business Summit reaffirms the Philippines’ dedication to strengthening trade ties, fostering mutually beneficial business partnerships, and advancing investment opportunities between the two nations. This initiative is a vital step in attracting U.S. capital and expertise to high-growth sectors within the Philippines.
