PRESIDENT Benigno S. Aquino III has urged British investors to participate in the Philippine government’s Public-Private Partnership (PPP) projects.
President Aquino extended the invitation during his meeting with Prime Minister David Cameron at 10 Downing Street on Wednesday here as part of his official visit to the United Kingdom of Great Britain and Northern Ireland.
In the joint statement of President Aquino and Prime Minister Cameron, the two leaders agreed to further expand economic cooperation to pave the way for increased trade and investment flows between the Philippines and UK.
During the meeting, the Philippine leader also briefed Prime Minister Cameron on the Philippines’ Public-Private Partnership program and invited the UK government and the business sector “to continue sharing its vast expertise in this area, and encouraged British
investors to participate in the projects.”
The UK leader, in turn, assured President Aquino that the UK government had provided and would continue to provide expertise to the Philippines in shaping its PPP program and looked forward to British companies participating in projects.
The Philippines and the United Kingdom have enjoyed a robust economic partnership over the years. The United Kingdom is the Philippines’ top European investor, and the largest Philippine tourism market in Europe.
President Aquino also emphasized that the Philippines offered exciting investment opportunities for British business, especially in the sectors of energy, infrastructure, business- process outsourcing, information technology and tourism.
After his meeting with the UK Prime Minister, President Aquino attended the luncheon offered by Her Majesty Queen Elizabeth and presided by Minister Jeremy Browne and the Lord Mayor of London Alderman David Wootton at the Lancaster House. (PCOO)