There’s more good news for the BPO industry in the Philippines! Germany’s Ambassador to the Philippines, Gordon Kricke revealed his country’s investment plans in business process outsourcing. They also show interests in manufacturing and providing technologies needed for infrastructure and transportation development for new trade ties with the Philippines
Better foreign trade ties with the Philippines
Kricke said that incumbent president Rodrigo Duterte’s vows to cleanse the government of red tape and create a better business environment piqued Germany’s interest in opportunities in the Philippines. However, the ambassador warned about tight restraints limiting foreign investors. He suggested easing up the restrictions to create better partnerships and open more possibilities.
Additionally, under their government’s new policy, Germany is looking to help in the “economic development of other countries” specifically in Asian countries. This was said by the Charge d’Affaires of the German Embassy Michael Hasper, during a meeting with the Manila Times editorial team. These investment opportunities are also helping Philippine business owners. Development banks in Germany are looking to help in the country’s economic development through business.
Berlin sees more potential and a more sustainable relationship with the Philippines compared to its Southeast Asian neighbors. Historically, the two countries have a great relationship. Germany’s development assistance was at €47 million in 2014 and their investments also account for over 500,000 local jobs.
This is definitely good news for the Philippine BPO industry that will hopefully come to fruition soon.