The United Kingdom is wishing to become one of the Philippines’ top investors considering the country’s wide market and the government’s measures to ensure easier access to conducting business transactions.
UK Ambassador to the Philippine Laure Beaufils said UK ”wants to capitalize” on the country’s unsaturated and English-speaking market as well as on its “big demographic dividend” and the people’s “strong, ethical workforce.”
Aside from the ease of doing business and the sanctity of the contracts that the country offers, the Philippines has “significant” laws that provide accessibility to foreign investors. These included the Retail Trade Liberalization Act, the Foreign Investments Act and the Public Service Act as well as the lifting of foreign investments in renewable energy, according to Beaufils.
“All the initiatives that were taken towards the end of 2021 or 2022 [were] only just starting to bear fruit,” she said.
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