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08 Feb 2011
Philippines pushes for more Indian trade and investments
MAKATI Export Markets
MANILA, Philippines – The government is pushing ahead for more trade and investments from India, which is seen to become the world’s second largest economy, by putting the Philippines on top of mind of Indian businessmen. Trade and Industry Secretary Gregory L. Domingo will lead a high level Philippine delegation in the India-ASEAN Business Fair and Conclave to be held in New Delhi, India on 2-6 March 2011 where he will address Indian businessmen and government officials during the event.
According to global banking firm Goldman Sachs, India will be the second largest economy after China in 2043. To date, it has the 11th largest gross domestic product (GDP) at $1.24 trillion, and in 2009 had the 4th largest Purchasing Power Parity (PPP) at $3.53 trillion. Undersecretary for International Trade Adrian S. Cristobal Jr. said that cultivating relationship with India “will help enhance long-term complementation between the two countries, while also addressing emerging markets for Philippine direct export (Source: Manila Bulletin Online, Business Section by Bernie Cahiles-Magkilat, 7 February 2011)
By: PhilCTTIS Data Center
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