Department of Trade and Industry (DTI) Secretary Ramon Lopez ensured strengthened commercial ties with Mexico during the courtesy visit of Ambassador of Mexico to the Philippines Julio Camarena Villaseñor recently.
Both sides are also discussing the establishment of a Joint Economic Committee (JEC) that will further the bilateral trade and investment between the Philippines and Mexico. On his part, Ambassador Villaseñor expressed Mexico’s interest to the Philippines as an economic gateway to the ASEAN region, further emphasizing that the Philippines is a priority area for investments in Asia.
Currently, the two countries’ combined investments have reached at some US $6 billion. Some US $2 billion worth of investments from Mexico will be allocated to the Philippines, bulk of which will be from the telecommunications sector. Read More