Looking ahead to 2025, the British Chamber of Commerce-Philippines (BCCP) anticipates continued growth driven by expanded trade agreements, strengthened policy advocacy, and enhanced digital infrastructure.
In its annual media appreciation luncheon, the Chamber projects increased bilateral trade volumes, particularly in key sectors such as agriculture, technology, and financial services.
The Chamber said it expects significant growth in British pork and beef exports as reduced tariffs remain in place until 2028. This move is expected to boost British pork and beef exports, reinforcing the Philippines’ position as the UK’s second-largest pork export market after China. In 2023, UK exports of meat and meat preparations to the Philippines reached £39.1 million.
The Chamber continues its close collaboration with the UK Agriculture and Horticulture Development Board (AHDB), the Philippine Departments of Agriculture and Trade and Industry, the Bureau of Customs, and the Meat Importers and Traders Association (MITA) to strengthen trade ties.
On the digital front, the Chamber envisions legislative advancements such as the passage of the Cybersecurity Act, E-Governance Act, and Konektadong Pinoy Act, which would accelerate digital transformation and connectivity across the country.
As the year draws to a close, the Chamber marks significant legislative wins with the passage of its priority bills, including the Anti-Agricultural Economic Sabotage Act and the Anti-Financial Accounts Scamming Act (AFASA).
It said that the passage of AFASA fortifies the financial sector against cybercrimes by enabling the Bangko Sentral ng Pilipinas to coordinate more effectively with law enforcement agencies. This measure enhances consumer and investor confidence, paving the way for greater economic stability.
The Chamber also underscores the urgent need for the Cybersecurity Act, highlighting the UK’s global expertise in this domain. Backed by the Private Sector Advisory Council (PSAC) Digital Infrastructure Group and endorsed by the Department of Information and Communications Technology (DICT), the measure is poised for consideration in the 20th Congress.
The proposed E-Governance Act promises to simplify business processes and lower trade barriers. The Chamber, officially recognized as an ARTA Champion, advocates for its passage to further streamline government services and improve the ease of doing business.
Additionally, the Open Access in Data Transmission Act remains a key priority, aimed at modernizing the Philippines’ internet infrastructure and fostering a competitive telecommunications sector.
Chris Nelson, the Chamber’s executive director and trustee, said: “The British Chamber will remain at the forefront of supporting key legislation to continue opening up the economy while promoting multiple areas of cooperation…The press performs a critical role in helping us raise awareness and make the Philippines an investment destination in the region.”
