US companies eyeing relocation from China to Philippines amid trade war

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Companies from the US are increasingly looking at the Philippines as possible alternative location for their existing operations in China amid trade tensions between Washington and Beijing.

John Goyer, executive director for Southeast Asia at the US Chamber of Commerce, said that US investors have noted the efforts of the Philippine government to further improve its business climate, The Philippine Star noted.

Goyer cited the latest Doing Business Report by the World Bank that showed that the Ease of Doing Business ranking of the Philippines jumped 29 notches to 95th from the previous 124th position.

“I think that demonstrates that you see an ongoing effort in the Philippines to improve the business climate, improve the investment environment and so I think that countries are paying attention and that there are business opportunities in that market for sure,” Goyer said.

He added that the US remains one of the major investors in the Philippines and its presence in the country is diversified from services including business process outsourcing operations, agri-business, as well as high tech manufacturing.

The challenge for the Philippines and other countries in Southeast Asia, Goyer explained, was how to attract investments as there are certainly factory owners that are migrating from China as a result of the trade war.

Jose Victor Chan-Gonzaga, economic affairs minister at the Philippine embassy in Washington, D.C., said business and investor confidence was very high among US investors mainly due to the choice of economic managers by the Duterte administration headed by finance secretary Carlos Dominguez.

The Philippine government, he added, was able to assure the US business community and their counterparts in the US government the competence of the economic team and their commitment and dedication to alleviate poverty and continuing the good economic trajectory of the Philippines.

US-ASEAN Business Council senior manager Lilibeth Almonte-Arbez said the general macroeconomic position of the Philippines was “very good” and that was what companies were looking at for a longer horizon for their investments.

However, Almonte-Arbez said that US investors wanted more clarity on the proposed Corporate Income Tax and Incentives Rationalisation Act especially on the transition period for the rationalisation of fiscal incentives.


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Companies from the US are increasingly looking at the Philippines as possible alternative location for their existing operations in China amid trade tensions between Washington and Beijing. John Goyer, executive director for Southeast Asia at the US Chamber of Commerce, said that US investors have noted the efforts of the Philippine government to further improve its business climate, The Philippine Star noted. Goyer cited the latest Doing Business Report by the World Bank that showed that the Ease of Doing Business ranking of the Philippines jumped 29 notches to 95th from the previous 124th position. “I think that demonstrates that...

Auto Draft

Companies from the US are increasingly looking at the Philippines as possible alternative location for their existing operations in China amid trade tensions between Washington and Beijing.

John Goyer, executive director for Southeast Asia at the US Chamber of Commerce, said that US investors have noted the efforts of the Philippine government to further improve its business climate, The Philippine Star noted.

Goyer cited the latest Doing Business Report by the World Bank that showed that the Ease of Doing Business ranking of the Philippines jumped 29 notches to 95th from the previous 124th position.

“I think that demonstrates that you see an ongoing effort in the Philippines to improve the business climate, improve the investment environment and so I think that countries are paying attention and that there are business opportunities in that market for sure,” Goyer said.

He added that the US remains one of the major investors in the Philippines and its presence in the country is diversified from services including business process outsourcing operations, agri-business, as well as high tech manufacturing.

The challenge for the Philippines and other countries in Southeast Asia, Goyer explained, was how to attract investments as there are certainly factory owners that are migrating from China as a result of the trade war.

Jose Victor Chan-Gonzaga, economic affairs minister at the Philippine embassy in Washington, D.C., said business and investor confidence was very high among US investors mainly due to the choice of economic managers by the Duterte administration headed by finance secretary Carlos Dominguez.

The Philippine government, he added, was able to assure the US business community and their counterparts in the US government the competence of the economic team and their commitment and dedication to alleviate poverty and continuing the good economic trajectory of the Philippines.

US-ASEAN Business Council senior manager Lilibeth Almonte-Arbez said the general macroeconomic position of the Philippines was “very good” and that was what companies were looking at for a longer horizon for their investments.

However, Almonte-Arbez said that US investors wanted more clarity on the proposed Corporate Income Tax and Incentives Rationalisation Act especially on the transition period for the rationalisation of fiscal incentives.


The Vine is your one-stop source for the most pressing Southeast Asian news updates, delivered minus the fluff and straight to your inbox.

To keep up with the latest happenings around the ASEAN region, subscribe to our newsletter now:

Subscribe to our newsletter

* indicates required

16 COMMENTS

  1. Our natural resources and our human capital will not be enough to change the trajectory of where our dreams of becoming a success story needs to go. What we need is a stable source of cheap power and water. My company is working hand in hand with the local counter part developing subic bay as an industrial zone. I will be providing power and water that will reduce there dependence from the grid. Which means working 24/7 will not effect the cost of their electric bill. And also water. I’m providing self sustaining power and desalinated water.

  2. Yes, investing in the Philippines will help millions by creating jobs, and lessen poverty and crimes due to hunger and no shelter etc! I hope the US will do it sooner. It will benefit both countries, economically as well as socially. Praying for the fruition of this move.

  3. Bobo ka kasi paul casalme kaya galit ka sa amerikano. Pero yung mga politician sa pinas Di nyu nga alam bilyon bilyon kinukuha.. gusto nila mga bobo katulad mo

  4. Bobo Paul Casalme. Maraming pinoy sa US. It’s a free country and a country made up of immigrants. Ingit ka lang stuck ka sa bayan nang mga corrupt.. mga bobong magisip katulad mo ang nag papanatili nang negosyo ng mga corrupt officials.. bobo ka paul don’t breed please.

  5. We welcome these companies to invest and put their factories here. Filipinos are Hardworking, efficicient, do work with quality and filipinos are creative and very friendly – and trustworthy especially if are paid accordingly and benefits is done according to our laws. I am sure the quality of the product made is far better than those other countries. This is a very good News to hear from these companies to come here.

  6. Paul Casalme a pathetic interpretation of a sympathetic gesture. Best Nega comment of the decade. Do your research, be informed.

  7. Many thanks if such a plan is realized. With reports that many highly developed nations like the usa, & japan are pulling out their huge investments from china, i am hopeful that they consider the philippines as an akternative bznz hub! Also hopeful that philippine senior government officials resist any effort that china might use to influence them not to open the doors to gisnt bznz capitalists !

  8. But, as long as the Philippines keep ties with the Chinese Communist Party that will not happen. What I know US corporate are looking at Taiwan, Vietnam, Cambodia first and then Philippines.

  9. They realise now the value of Filipinos who fought side by side with them during World War II. But they take for granted since then, now amidst the global pandemic, that former Filipino nurses who take care of their people are dying because of lack of personal protection equipment. Now what’s next, they will drag us again to another war. Let’s be vigilant with these people again, sooner or later they will get again our natural resources like they did before.

  10. I been there in the Philippines back in 2001, 2007, 2010, 2013 and 2015. I saw many hard working people, I would love to see many companies looking at the Philippines as a good place for business. There is much open land in Lapu Lapu, Cebu, Port of Dipolog, parts of Manila, but there are only few companies there now. I feel it would be a great investment for the US and put many of poor residents into the work force.

  11. that’s should be the smartest thing to do. investors should realize that Philippines is only forced to negotiate with China due to economic reasons. with this, Philippines will always be more inclined towards the west.

  12. 👍👍👍👍👍, it’s over due, they should done it after 50 years as a colony and after they get the fat of our natural resources and malampaya gas🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻God Bless the Republic of the Philippines

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