The British Chamber of Commerce of Philippines Executive Director and Trustee Chris Nelson elaborates on the latest UK and Philippine developments, such as the international economic goals of the new UK Priminister Rishi Sunak in an interview with ANC’s Market Edge hosted by Mimi Ong.
With the current status of the British pound and Philippine peso, Chris Nelson states that currency is not quite a key factor in the short term, “exporters and chambers are working on long-term approaches — looking at opportunities in the Philippines and using that as a base to get into Southeast Asia.”
Chris Nelson believes that the UK under PM Sunak will continue and emphasize what has already been done previously, such as economic stability, economic challenges, and Brexit opportunities. Additionally, with the ties between the United Kingdom and the Philippines, the UK shall pursue developing its business and exports to the Philippines. “I am pleased to report that British exports have grown again, from the end of August, has grown to 37%.” Nelson states.
Furthermore, the Chamber believes that the Regional Comprehensive Economic Partnership (RCEP) is one of the main agenda points and is a great opportunity in increasing partnerships in terms of trade; wherein the Philippines’ joining will be critical to that. The British Chamber will also be hosting another British Meat Trade Mission with Agriculture and Horticulture Development Board (AHDB) event on December 2, 2022 – in light of the organization’s mission to promote trade and exports between the UK and the Philippines