SunStar Publishing Inc.
ADELAIDE, AUSTRALIA – On October 9, 2023, Department of Trade and Industry Secretary Fred Pascual encouraged Australian firms to seize the stronger economic cooperation between the Philippines and Australia during the Business Roundtable Meeting held in Adelaide, Australia. The DTI chief highlighted the Philippines’ growing economy and conducive business environment, making it a strategic location for investments with its young population, skilled workforce, and sizeable consumer market.
He stressed, “Recently, we achieved a significant milestone by elevating our relationship from a comprehensive to a strategic partnership by signing the Joint Declaration. This shift not only broadens our strategic cooperation but also enhances trade and investment between our nations.”During the business roundtable, the Secretary welcomed potential investments and partnerships from Australian firms.
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