Philippines' BOI and KOTRA form alliance to boost trade and investment under Free Trade Agreement.

The Philippines' Board of Investments (BOI) and Korea Trade-Investment Promotion Agency (KOTRA) have formed an alliance to boost trade and investment following the ratification of their Free Trade Agreement. The October 7, 2024, Memorandum of Understanding (MOU) focuses on promoting sustainable manufacturing and innovation, enhancing cross-border investments through initiatives like seminars and trade missions. Bilateral trade exceeded $12 billion in 2023, with growth anticipated.

October 14, 2024
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