00:00 The Philippines and the United Arab Emirates inked a memorandum of understanding to bolster
00:05 ties between the two nations and explore investment opportunities in several key sectors.
00:11 Soojin Kim has the full details.
00:13 The Philippine Chamber of Commerce and Industry, or PCCI, and the United Arab Emirates Federation
00:21 of Chambers of Commerce and Industry, or FCCI, signed a memorandum of understanding to strengthen
00:27 key sectors between both countries. "The Philippines is moving toward robust
00:32 economic expansion. Vital to our efforts is engaging investors. So we encourage you to
00:40 consider and find the Philippines a place where your businesses can grow and thrive."
00:46 The occasion marks the start of more profound ties with the UAE, especially in executing
00:51 strategic investment projects in infrastructure, tourism and other sectors. "For a long time,
00:57 our economic growth has been consumer-driven. Under the leadership of President Ferdinand R.
01:05 Marcos Jr., our goal is to achieve an investment-led economy that can provide higher quality and better
01:14 paying jobs to our people." This collaboration will strengthen diplomatic, economic and trade
01:21 relations between the two nations. The Department of Trade and Industry is committed to streamlining
01:26 the investment process, ensuring a seamless and supportive environment where investors
01:31 can navigate the various aspects of establishing and expanding ventures in the Philippines.
01:36 "Our government remains dedicated to creating an inducive environment
01:42 that fosters innovation, promotes ease of doing business, and ensures a level playing field for
01:51 both local and international investors." The government is fully committed in supporting
01:57 the growth and prosperity of both countries. Soojin Kim, for The Nation.
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