Phl gov't, US, Peruvian businesses eye partnerships for SMEs

The Philippine government and business leaders from the US and Peru are exploring potential collaborations to promote the development of small and medium enterprises (SMEs), according to the Department of Trade and Industry (DTI).

- LOUELLA DESIDERIO

In a statement, the DTI said acting Trade Secretary Cristina Roque, appointed by President Marcos as his special envoy to the Asia Pacific Economic Cooperation (APEC) Economic Leaders' Week in Peru, met with top executives from the US Chamber of Commerce, US-ASEAN (Association of Southeast Asian Nations) Business Council, and AMCHAM (American Chamber of Commerce) Peru on the event's sidelines.

During the meeting, Roque and the US business leaders discussed potential collaborations to provide wider markets for SMEs and help in their digital transformation.

The discussions also covered potential collaboration in responsible mining, agribusiness and renewable energy. Roque highlighted recent policy reforms in the Philippines to enhance the business environment and make the country more attractive to foreign investments.