Two British brands from Food and Beverage Manufacturers are now in the Philippines, namely, Tayto Group and The Berry Company. Both companies successfully exporting to the country. according to British Chamber of Commerce Philippines Executive Director and Trustee, Chris Nelson.
In his media advisory, Nelson pointed out the big potential of the Philippines to bring in more business and investment opportunies from other countries.
“Having (initially) these two British Food and Beverage Manufacturers doing business in the country is a strong indication that Philippine market strongly remains attractive for British companies,” Nelson said.
It was also shared in a recent webinar hosted by the British Chamber of Commerce Philippines, the journey of the principals of these British brands in exporting their produucts to the Philippines.
Chris Nelson, BCCP Executive Director and Trustee who moderated the digital event, obtained their insights regarding the recent opening up of the economy, their relationship with Philippine partners and the country’s membership to Regional Comprehensive Economic Partnership (RCEP).
Robin Wall, Export Sales Director from Tayto Group commented how finding the right partner helped them to grow their business in the Philippines. He also thanked their local partner on how they promote and carry the Tayto Group brand. Khaled El-Yafi, Managing Director from The Berry Company also adds “I never anticipated that the Philippines would be one of our best, fastest growing markets.”
Nelson affirmed that the Philippine market remains competitive, considering the young and growing population of 110 million Filipinos, high interest in foreign goods and brands and actively embracing different cultures and trends. On top of this, benefits of economic reforms were also discussed and the likelihood for the Philippines to ratify its membership to RCEP. All of which are crucial initiatives by the government to open up the economy and increase the entry of foreign direct investments.
In this relation, the British Chamber has been at the forefront of promoting and identifying opportunities in the Philippines. Through its programme called the Overseas Partner Delivery Programme, the Chamber is actively assisting enquiring British companies to help find their suitable local partners.
The British Chamber will continue to promote these reforms in the UK and renew already existing interest from British companies.