{"id":16724,"date":"2014-06-24T20:00:51","date_gmt":"2014-06-24T12:00:51","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=16724"},"modified":"2014-06-24T18:00:07","modified_gmt":"2014-06-24T10:00:07","slug":"phl-economic-growth-attracts-investors-to-come-here-japanese-businesses-in-asean-say","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/06\/24\/phl-economic-growth-attracts-investors-to-come-here-japanese-businesses-in-asean-say\/","title":{"rendered":"PHL economic growth attracts investors to come here, Japanese businesses in ASEAN say"},"content":{"rendered":"

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MANILA — The Philippine economic growth is attracting investments in the country, said Federation of Japanese Chamber of Commerce and Industry in ASEAN (FJCCIA) at the sidelines of the 7th dialogue between Secretary General of ASEAN Le Loung Minh and FJCCIA in Makati City on Tuesday.<\/span><\/p>\n

FJCCIA chairman Tetsuo Tomino told reporters that the ability of the Philippines to expand its economy within the last four years created a good image among Japanese businesses.<\/span><\/p>\n

\u201cIn last couple of years, the image of Philippines in Japan was worse. But now it becomes better and it\u2019s becoming better and better. The reason why, is Philippines continues its great economic growth. Japanese like that figures,\u201d Tomino said.<\/span><\/p>\n

\u201cIn order to make Philippines image better, the most important thing is to continue this economic growth so that everybody comes here,\u201d he noted.<\/span><\/p>\n

Further, FJCCIA has submitted requests to the ASEAN Secretary General during the dialogue which addresses key issues to further strengthen ASEAN and Japanese trade and investment ties.<\/span><\/p>\n

\u201cThe submitted key priority issues focus at the final stage of realization of AEC (ASEAN Economic Community) in 2015,\u201d Tomino mentioned. \u201cFJCCIA strongly believes that these requests also enhance business competitiveness in ASEAN as a whole.\u201d<\/span><\/p>\n

Tomino, who is also the president of Japanese chamber in the Philippines, cited some requests it submitted to the ASEAN Secretary General, which he said will benefit more to businesses and people in the Philippines.<\/span><\/p>\n

These include (a) uniform standards and certification for industrial products; (b) liberalizing movement of natural persons or facilitation of intra-regional movement of high-level human resources; and (c) taxation related matters or simplifying procedures concerning taxes.<\/span><\/p>\n

Aside from these, other requests from other Japanese chambers in ASEAN were also submitted during the dialogue which also include issues on infrastructure and small and medium enterprises development, protection of intellectual property rights, and competition policy.<\/span><\/p>\n

Tomino said it is also important to identify medium- and long-term issues including regional energy security, acceleration of regional integration, region-wide social security system, and spreading of ASEAN\u2019s high level liberalization to ASEAN+1 free trade agreements.<\/span><\/p>\n

\u201cThe content and result of dialogues will be reported in ASEAN-Japan Economic Ministers Meeting in August this year,\u201d he mentioned.<\/span><\/p>\n

\u201cWe are fully committed to work together to resolve regional issues and offer largest possible contribution to the economic integration process towards 2015 and formulating the vision beyond the 2015,\u201d he added.<\/span><\/p>\n

Tomino stressed that ASEAN is now the most important market and manufacturing base for Japanese companies.<\/span><\/p>\n

According to him, investments of Japanese firms in ASEAN in 2013 alone reached to US$ 23 billion which is almost three times larger than Japan\u2019s investments to China.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA — The Philippine economic growth is attracting investments in the country, said Federation of Japanese Chamber of Commerce and …<\/p>\n","protected":false},"author":44,"featured_media":11106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,95],"tags":[667,1479],"class_list":["post-16724","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-news-ph","tag-japan","tag-ph","mauthors-kris-m-crismundo","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/16724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=16724"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/16724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/11106"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=16724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=16724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=16724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}