Italian businesses are hoping to make the Philippines a jumping-off point for regional trade, the Board of Investments (BoI) said Friday
“Italy intends to expand its businesses in the ASEAN region with the Philippines as its top priority,” the BoI said in a statement.
Enrico Letta, president of Associazione Italia-ASEAN, announed Italy’s plans in the region at a Jan. 26 webinar, “Italy-Philippines: Discovering the Opportunities,” according to the BoI.
BoI Officer-in-Charge Director Lanie O. Dormiendo said the interest from Italy represents a “vote of confidence” in the Philippines as an investment destination.
She expressed the hope Italian firms will participate in the infrastructure and garments industries.