The Czech Chamber of Commerce sees the Philippines as a “very interesting” market for the Czech economy as the European country looks into spreading out its export activity after bearing the brunt of a series of crises in Europe.
“I want to say that Czech economy’s oriented very much to Europe. 70 percent of GDP and especially Germany, 35 percent. We must spread out export activity because it’s too dangerous for us when there’s a crisis in Europe so I think that Philippines is very interesting for us and we want to orient here,” Michal Stefl, Vice President of Czech Chamber of Commerce told reporters on the sidelines of Czech Republic’s business mission with Philippine companies on Wednesday.
According to the chamber, this business mission, being the first “installation” of the 2023 Business Conference and business-to-business event, was participated by over 80 business leaders from different organizations across the country. Moreover, the head of the “voice of business” in the country invited visiting Czech companies to “learn more about the Philippines moving towards special economic zones around the Philippines which provide tax incentives for locators.”
The BOI official also shared that according to the Philippine Statistics Authority , Philippines has “51.2 million human resource pool,” adding that the country’s work force has “young, technology savvy, adaptable and English language proficient” workers.
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