First session of the German-Philippine Joint Economic Committee

© Adobe Stock/ Negro Elkha

The German-Philippine Joint Economic Committee is convening for the first time today. The session is being co-chaired by Parliamentary State Secretary Marco Wanderwitz and the Philippine Undersecretary for Trade and Industry Ceferino S. Rodolfo.

Parliamentary State Secretary Wanderwitz said: “Germany and the Philippines share long-standing and good economic relations. Our bilateral trade volume has risen continuously in the last few years. Many enterprises are currently facing enormous challenges in view of the COVID-19 pandemic. We want to jointly tackle these challenges. Today, we want to talk about opportunities for intensified bilateral cooperation in general and particularly about those arising from these difficult times.”

The German-Philippine Joint Economic Committee serves as a forum for government representatives from the Philippines and Germany and for companies from both countries which are interested in doing business or which already have operations in each other’s country and is used to regularly exchange views.

In view of the current situation, the meeting is taking place as a video-conference.

In 2019, the Federal Republic of Germany imported goods from the Philippines worth just under €4 billion and exported products to the country worth around €2.5 billion.