National

Stronger ties with Spain will boost PH economy

Stronger ties with Spain will boost PH economy

Department of Trade and Industry Undersecretary Adrian S. Cristobal reaffirmed the Philippines’ commitment to forge stronger bilateral relations with Spain during the 13th Philippine-Spanish Friendship Day and the 116th Anniversary of the Historic Siege of Baler recently held in Baler, Aurora.

“A stronger partnership between Spain and the Philippines will allow us to advance our respective development goals, expand our markets, and improve the quality of life of our people. We are urging Spain and our friends in Latin America to seize opportunities in Asia through the Philippines,” said Cristobal.

Cristobal joined former Senate President Edgardo Angara, who authored the Philippine-Spanish Friendship Day Act (Republic Act 9187), and members of the diplomatic corps, representatives of the business sector and officials from the country’s cultural agencies in commemorating the year-long siege of Baler and Philippine-Spanish relations.

“Spain is potentially an important trade partner of the Philippines- we can be Spain’s gateway to Asia. Our common heritage forged many centuries ago is a sound basis to increase trade and investments that will sustain the robust pace of growth we have been experiencing,” explained Cristobal.               

The Philippines is currently one of the fastest growing economies in this dynamic region, growing at an average of 6% every year for the past four years and financially, in firm footing. The country improved dramatically in competitiveness rankings since 2010 – moved up from the 85th place in 2010 to the 52th in 2014.

Meanwhile, Spanish Ambassador Luis A. Calvo said that the Philippines, as the only country in ASEAN to be granted inclusion in the European Union’s General Scheme of Preference Plus (EU-GSP+) [1], is attracting a significant number of Spanish companies who are interested in doing business in the country and contributing to its modernization.

Ambassador Calvo explained that Spain looks forward to the establishment of an FTA between the Philippines and the European Union (EU).  He adds that, until such a time, Spain will continue to take advantage of the rapidly improving economic environment prevailing in the Southeast Asian region, particularly in the Philippines.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

National

More in National

Maria Ozawa confirmed she had “sex” with Cesar Montano

madarehMarch 3, 2016
benigno aquino jr

Benigno Aquino Jr is not a hero

madarehFebruary 25, 2016
11953105_513082642179908_7110689836947157311_n

PHILIPPINES JOINS RUSSIA’S LARGEST INTERNATIONAL AEROSPACE EXHIBITION

JPSeptember 1, 2015
11870633_10203981859300972_5480667064320606846_n

Statement on the conclusion of the Iglesia ni Cristo mass action, from the Presidential Spokesperson

JPAugust 31, 2015
Capture

CBCP: We Are One With INC

JPAugust 31, 2015
milf-5555

Subtitute Bill to BBL Has Concrete Safeguards Against Fund misuse

JPAugust 31, 2015
11903959_972727922797210_5889367891554070669_n

MARCOS URGES LINA: “APOLOGIZE TO OUR OFWs”

JPAugust 27, 2015
220615_pnoy-dpwh7

Infrastructure spending increases by 37.3% in 2nd quarter

JPAugust 27, 2015
desired-force-mix

95.4% of the national budget released by the end of July

JPAugust 27, 2015

Copyright © 2015 News Gru.