Christopher Lim, a senior trade and investment commissioner at the Australian Embassy in Manila, thinks Austrade is now recognizing the tremendous potential for economic growth in the Philippines. He has stated: “There’s never been a more exciting time to work on issues relating to the Philippines because we are very bullish about the prospects for Philippine economic growth, and correspondingly, we are also very focused and also very hopeful about increasing links between Australia and the Philippines in terms of trade, economic, and education ties.”
From Austrade’s perspective, Lim said there has been a remarkable increase in the number of Australian companies venturing into the Philippines: “We have seen a huge uptick in the number of Australian companies coming into the Philippines, and these Australian companies range from agrifood, education institutions, mining firms, tech companies, and cybersecurity companies.”
In 2022, Lim said the bilateral trade relationship between the two countries had flourished. The Philippines has become Australia’s 15th largest export partner, signaling room for further growth. Lim cited another development: the export of Philippine Carabao mangoes to Australia, signaling potential avenues for agricultural trade.
Source: businessmirror.com.ph