A CZECH business mission delegation is currently in the Philippines in order to explore possible business opportunities.
The delegation to the Philippines was led by Jan Skopeček, deputy speaker of the Chamber of Deputies, and accompanied by Michal Štefl, vice president of the Czech Chamber of Commerce.
During the first part of its 2023 Business Conference and B2B Event held on Feb. 15, 2023, Štefl shared that the group is keen on expanding their business engagements beyond European markets, especially in the Philippines, which is considered by Czech companies as a great potential haven of investments. Further, he highlighted in an interview with reporters that the technology, transportation and energy sectors as their key priority areas in forging business partnerships in the Philippines."As of now, we are only accompanied by a parliamentary delegation of 16 companies, which represent our main business interests overall. They are from branches like transportation, energy, pharmaceutical, medicine, water treatment systems and ecological branches," Štefl said."What is interesting with Czech production is that we have western quality and eastern prices, so it is quite a good combination for some interested parties, but also we are thinking about playing the role of investors as well, like in energy for example," he added. During the event, CzechTrade Philippines Director Ondřej Puchinger also introduced the "CzechTrade Philippines" as a governmental trade promotion organization founded by the Ministry of Industry and Trade.He announced that they expect to bring in about 30 to 50 new business partners in 2023 with collaboration from local associations and business clubs. The organization is focused on developing international trade and cooperation between Czech exporters and Philippine partners.