20 April 2016- The 12th meeting of the Joint Working Group on Trade and Investments (JWGTI) between the Philippines and India was held on 31 March 2016 in New Delhi to discuss avenues for stronger economic, trade, and investment cooperation between the two countries.
Ambassador Ma. Teresita C. Daza and Commercial Counsellor Michael Alfred V. Ignacio joined the delegation from the Philippines which was led by Philippine Board of Investments Governor Lucita P. Reyes, along with Philippine International Trading Corporation (PITC) President Ma. Lourdes Baua, and representatives from the Department of Trade and Industry’s Bureau of International Trade Relations, the Department of Science and Technology’s National ICT Governance Service, Information Communications Technology Office, the Commission on Higher Education, and the Department of Trade and Industry.
Joint Secretary Ravi Kapoor of the Department of Commerce of India led a twenty member delegation of officials from the Ministry of Commerce and Industry and other Ministries.
Bilateral trade between the Philippines and India currently stands at US$1.8 billion (Indian statistic). Both countries agreed that given the economic performance of the Philippines and India, there are several potential areas for mid-to long-term expansion.
Both sides agreed to hold the 13th JWGTI in Manila in the third quarter of 2017.END
