PCCI meets with Nomura Research Institute (NRI) experts
PCCI Director for Agriculture Committee and Vice Chair for Asia and ASEAN Affairs, Mr. Roberto C. Amores, and Philippines – Korea Business Council (PKBC) and 46th Philippine Business Conference and Expo (PBC&E) Chairperson, Engr. Enunina V. Mangio, met with Mr. Myeongho “Rick” Lee, Business Analyst of Nomura Research Institute (NRI), and NRI Senior Manager – Business Strategy Sector, Ms. Rose Ferrer, last July 30, 2020 via Zoom to discuss prospects of further enhancing bilateral trade and investment ties between the Philippines and Korea.
Nomura Research Institute (NRI), a management consulting firm based in Tokyo with branches in Manila and Seoul, has been operating in the Philippines for 23 years already. NRI requested the meeting with PCCI in line with their initiatives to introduce Philippines and its investment opportunities to Korean companies.
Mr. Amores pointed out that the trade deficit especially on the agricultural sector is one of the business concerns between the two countries, and that improving the trade balance should be fully addressed as the value of Philippine imports exceeds the value of its exports. He also added to focus as well on the business opportunities for Philippine companies going to Korea.
Mr. Lee mentioned that infrastructure and digitalization initiatives are among the potential business opportunities between the Philippines and Korea. Moreover, Ms. Mangio said that there are a lot of opportunities in the utility sector particularly on power and water wherein Ms. Ferrer agreed that the utility sector is among the key interests of Korean companies for possible partnership.
The status of the negotiations regarding the Philippines – South Korea Free Trade Agreement (FTA) was also discussed during the meeting wherein FTA talks between the two countries are proceeding despite of the pandemic where rounds of discussion are being done through video conferences.
NRI was assured that the PCCI is ready to fully assist the Korean companies thru arranging business matching meetings with Philippine companies.