January 8, 2023 | 11:56 pm
“We will provide an alternative supply source for their components and inputs to their assembly operations. The idea for a country like the Philippines, to be able to build up a large export volume; target participation in the global value chains of vehicles, electric vehicles, appliances, and various types of products,” he added.
The pandemic disruptions in China as well as the Russia-Ukraine war have roiled global supply chains, leading many manufacturers to reconsider their options in their choice of an Asian base of operations. “The foreign invest we are trying to attract here… have a built-in market already have the technology. It is a matter of setting up the factory here, employing our people… That’s the approach that I am trying to push for. We integrate trade, industry and investment,” Mr. Pascual said.
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