The Philippines and other Southeast Asian countries may turn into more attractive to British firms as a consequence of uncertainty over the consequence of Britain’s divorce from the European Union, the pinnacle of a British business group said on Wednesday.
In addition to the dearth of clarity over the longer term relationship between the British and European economies, the British pound has also turn into unstable, exacerbating difficulties for UK businesses, said Chris Nelson, president of the British Chambers of Commerce within the Philippines.
“Now, of course, with the uncertainty around our trade relationship with the European Union, many of these companies are clearly looking at opportunities in the Philippines and Southeast Asia in general,” Nelson told ANC’s Market Edge.
Nelson said last yr’s British Chamber missions to Iloilo and Davao saw real investment.
Meanwhile, Filipinos within the UK are attempting to raised understand the results of leaving the EU on their jobs, access to goods and freedom to travel, said Rose Eclarinal, ABS-CBN Europe News Bureau correspondent.
Source : ABS-CBN
