FPIP Participates in BOI-led Investment Mission in China

First Philippine Industrial Park (FPIP) joined the Philippine Board of Investments (BOI) and Philippine Economic Zone Authority (PEZA) in a five-day investment mission in Xiamen, China.

FPIP is one of the industrial parks that is working closely together with investment promotion agencies like BOI and PEZA in promoting the Philippines as a premier investment hub. During the investment mission, FPIP highlighted the benefits of investing in the Philippines to encourage Chinese manufacturing companies to expand their business here.

The Philippine delegation attended the 2024 China International Fair for Investment and Trade (CIFIT), which focused on international investment promotion and economic and technological cooperation.  It also engaged with over 20 companies in electric vehicles (EV) manufacturing, renewable energy equipment, and agribusiness.

According to BOI, five companies have expressed their interest in investing in the Philippines. PEZA, on the other hand, received around Php4.6 billion of investment pledges from Chinese firms.