Business Mission to Manila, the Philippines

The Philippines is:

• The 2^nd largest economy in ASEAN, after Indonesia
• Part of the China-ASEAN Free Trade Area, signed double taxation agreements with over 60 countries/territories including the Chinese mainland and Hong Kong
• Member of the World Trade Organisation (WTO)

More and more business opportunities……

• The IMF expects the Philippines to be the fastest-expanding country among the five largest ASEAN economies
• The total imports increased by 17.7% YOY to US$38.7 billion in the first half of 2016
• The Philippines was the 20th largest export market for Hong Kong
• Hong Kong’s total exports to the Philippines contracted 2.5% YOY to US$3 billion, following an increase of 7.9% in 2015

Mission Activities:

• Business appointments with potential buyers
• Market visits to local enterprise and retail outlets
• Networking occasions with trade associations’ members
• Market briefings