Expects to draw more investment and job creation in the region
The Philippine Board of Investments (BOI) spearheaded the 83rd Meeting of the Coordinating Committee on Investment (CCI) held on 2-4 May 2023, reaffirming its commitment to enhance and promote the Philippines as a prime investment destination. Led by Governor Marjorie O. Ramos-Samaniego, the Philippine delegation engaged in fruitful discussions with other ASEAN Member States on developing overall policies and approaches and coordinating activities designed to promote a conducive investment environment in the ASEAN region.
The CCI is the main ASEAN sectoral body responsible for coordinating activities designed to meet ASEAN Economic Community (AEC) Blueprint goals with respect to enhancing investment. The CCI functions as a mechanism for coordinating inputs and implementing the various investment actions under the AEC Blueprint.
The CCI discussed investment activities underway for the region, including areas of collaboration with international organizations such as the ASEAN-Japan Centre (AJC) and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). These involve the development of Regional Investment Promotion Action Plan and holding capacity building workshops and foras, among others. The CCI likewise discussed other Priority Deliverables for 2023