Business climate seen to improve

MANILA, Philippines - Agricultural firms based in France, especially those engaged in farm technology, are seeing improvements in the business climate in the Philippines, according to the French Chamber of Commerce in the Philippines.

In an interview at the Alliance Française de Manille, French Chamber of Commerce in the Philippines director Jean Caillard said that most French firms in the Philippines are primarily engaged in distribution.

“But if they grow, they can eventually invest. Maybe manufacture for distribution to Asia… The investment climate in the Philippines has improved a lot already. All the macro indicators are good and we believe there is a lot of things that can be done in the Philippines,” he said.

Caillard said the government’s program for achieving food security is encouraging to French companies.

Several French companies engaged in farm technology, agrochemicals, environment protection and irrigation are participating in the Agrilink 2012 trade show that is being held at the World Trade Center from Oct. 4 to 6.

“France is the largest agricultural country in Europe. Our agricultural technology in France is very mature. We really have the technology to bring to the Philippines,” said Caillard.

In light of the economic crisis spreading throughout Europe that is feared to touch France, investment prospects in the Philippines are still not a priority.

“If our exhibitors are happy, it can continue. But we have to be realistic. The crisis is coming… But right now, we are able to say that the Philippines is a country that is showing excellent macroeconomic fundamentals and political stability. French companies are seeing the Philippines a good place to do business in,” said Caillard.