Q: What is the investment environment in the Philippines?

A: The Philippines is the fourth most English-speaking country in the world, with over 92% of the population being proficient in English. English has a long history in the Philippines.
 In the late 19th century, English became widespread in the Philippines from the time the United States occupied the country, followed by the Spanish-American War and the Philippine-American War, which further expanded the influence of English.
 After more than 100 years of development and evolution, Wing has become a widely spoken language in the Philippines, and the Philippines has become a bilingual country, which is very rare in Southeast Asia.
 According to the World Bank, the population of the Philippines has been rising since 1960, and in 2019 the total number of people in the country exceeded 100 million. The population has a strong desire to consume, with private consumption accounting for nearly 70% of GDP. With a population of over 100 million, the market has great potential.

In 2018, the U.S. GSP tariff preference for the Philippines was extended to December 31, 2020, covering 5,057 items. 2015, the EU granted the Philippines GSP+ treatment, allowing the Philippines to export more than 6,000 products to the EU at zero tariff. Japan has granted the Philippines tariff exemptions for some of its exports.