Italy on first Philippine mission in 65 years

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Cristino Panlilio, Undersecretary of the Philippine Department of Trade and Industry (DTI)

The Philippines received a business delegation from Italy for the first time in 65 years from November 20 to 23. The mission comes during a time of rejuvenated attention for the outlying Southeast Asian nation, now home to one of the liveliest stock markets in the world.

“I believe we are [on] the radar of every significant country in world today,” Undersecretary Cristino Panlilio of the Department of Trade and Industry (DTI) was quoted as saying by GMA News, noting that the Philippines is currently experiencing a record-breaking number of inbound business missions.

The 21-person foreign delegation from Italy met with several organisations, including the Philippine Chamber of Commerce and Industry, the Federation of Filipino Chinese Chamber of Commerce and Industry, the Italian Chamber of Commerce of the Philippines, and the European Chamber of Commerce of the Philippines, all organised by the Department of Trade and Industry and Italy’s Confederation of Italian Industries (Confindustria).

“Italy is one of the most eminent countries that have sent an inbound mission to the Philippines. I salute you for making the Philippines a priority,” Panlilio said in his speech before the Italian delegation.

During the Italian visit, the DTI promoted processed marine products, processed fruits and coconut products, costume jewelry and giftware, automotive parts, home furnishings, information and communication technology products and services, and garments.

In 2011, Italy was the Philippines’ 24th largest trading partner, with total trade amounting to over $587 million, or 0.54 per cent of the Philippines’ total trade with the world of $108.8 billion, according to the Bureau of Export Trade Promotion.

From 2007 to 2011, total trade with Italy grew 8.28 per cent. Philippine exports and imports with Italy grew by 9.42 per cent and 6.57 per cent, respectively.

The Confindustria was responsible for appointing the 21-person mission.

 

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Reading Time: 1 minute

Cristino Panlilio, Undersecretary of the Philippine Department of Trade and Industry (DTI)

The Philippines received a business delegation from Italy for the first time in 65 years from November 20 to 23. The mission comes during a time of rejuvenated attention for the outlying Southeast Asian nation, now home to one of the liveliest stock markets in the world.

Reading Time: 1 minute

Cristino Panlilio, Undersecretary of the Philippine Department of Trade and Industry (DTI)

The Philippines received a business delegation from Italy for the first time in 65 years from November 20 to 23. The mission comes during a time of rejuvenated attention for the outlying Southeast Asian nation, now home to one of the liveliest stock markets in the world.

“I believe we are [on] the radar of every significant country in world today,” Undersecretary Cristino Panlilio of the Department of Trade and Industry (DTI) was quoted as saying by GMA News, noting that the Philippines is currently experiencing a record-breaking number of inbound business missions.

The 21-person foreign delegation from Italy met with several organisations, including the Philippine Chamber of Commerce and Industry, the Federation of Filipino Chinese Chamber of Commerce and Industry, the Italian Chamber of Commerce of the Philippines, and the European Chamber of Commerce of the Philippines, all organised by the Department of Trade and Industry and Italy’s Confederation of Italian Industries (Confindustria).

“Italy is one of the most eminent countries that have sent an inbound mission to the Philippines. I salute you for making the Philippines a priority,” Panlilio said in his speech before the Italian delegation.

During the Italian visit, the DTI promoted processed marine products, processed fruits and coconut products, costume jewelry and giftware, automotive parts, home furnishings, information and communication technology products and services, and garments.

In 2011, Italy was the Philippines’ 24th largest trading partner, with total trade amounting to over $587 million, or 0.54 per cent of the Philippines’ total trade with the world of $108.8 billion, according to the Bureau of Export Trade Promotion.

From 2007 to 2011, total trade with Italy grew 8.28 per cent. Philippine exports and imports with Italy grew by 9.42 per cent and 6.57 per cent, respectively.

The Confindustria was responsible for appointing the 21-person mission.

 

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