Department of Trade and Industry Secretary Alfredo Pascual has urged German investors to look into business opportunities in the Philippines, especially in areas of infrastructure, electric vehicles, manufacturing and services.
“The new Philippine administration has revived the private-public partnership arrangements for infrastructure projects in the fields of water storage and management, renewables, waste management, logistics and transportation, and disaster mitigation,” he said. “The German government and the German private sector can tap the Philippines’ significant green metal reserves of nickel and copper. Doing so would ensure the supply of these critical resources in support of your country’s full-electrification objectives for your automobile industry by 2030. In exchange, the Philippines will benefit from Germany’s significant experience and expertise in nickel and copper downstream processing,” he added.