Europe investors still keen on Phl

Investor interest from Europe remains strong amid prevailing concerns on political stability and possible changes in the country’s incentives system, the head of the European Chamber of Commerce of the Philippines (ECCP) said.

ECCP president Guenter Taus said there is “very strong interest” among investors from European nations to explore various trade and investment opportunities in the country.

“There are quite a bit of different countries that are interested to come here and set up. Very strong interest so we’ll see how it goes,” he said.

A trade mission from Austria composed of 15 companies was recently in the country to scout for potential local partners.

Taus said the companies were from various sectors ranging from cosmetics, power, green energy, and waste management.

He said Italian and Danish delegations are also set to visit the country in the coming months.

“We do have several European companies and countries coming in so yes, there’s a lot of interest in the Philippines despite it all,” Taus said.

“We have discussions with companies that have looked at the Philippines and of course, people start comparing the political stability and the incentives that they get and say fine, if they can be revoked anytime, we might want to have a second look at it and see if there are other

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