FILIPINO coconut- and plant-based exhibitors generated initial sales of $174.69 million (about P9.6 billion) during the four-day food and hospitality trade show in South Korea, the Department of Trade and Industry (DTI) said Wednesday.
Screenshot from PEZA's Facebook page during its Global Biz with PEZA featuring South Korea MANILA - Companies from South Korea are urged to explore investment opportunities in the Philippines as Manila and Seoul are expected to implement their free trade agreement (FTA) early next year. In a virtual investment forum of the Philippine Economic Zone Authority (PEZA) with Korean firms Tuesday, Philippine Trade and Investment Center-Seoul commercial counselor Jose Ma. Dinsay said his office has received inquiries from Korean firms on investment opportunities in the Philippines as the Philippines-Korea FTA will enter into force in 2022. "As early as now, we would like to encourage the Korean companies to explore opportunities in the Philippines, so by the time that the FTA will be effective, they will immediately benefit from all the features that the FTA can offer," Dinsay said. He added Korean firms may look into investing in manufacturing of vehicle parts and semiconductors