Philippines - Export Development Canada (EDC)
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Philippines

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Philippines
Map of Philippines

Country Facts

Nominal GDP304.50 Billion USD
Population102.25 Million
Total Trade/GDP60.22%
CurrencyPhilippine Peso (PHP)
Merchandise Imports from Canada625.95 Million CAD
Canadian direct investment1,150 Million CAD
Main importsRaw Materials & Intermediate Goods, Capital Goods, Mineral Fuels, Lubricants & Related Products, Consumer Goods

EDC in Philippines

Canadian companies assisted99
International buyers insured337
Business volume343.33 Million CAD

Business Environment

With a population exceeding 100 million people, the Philippines is one of the largest markets in Southeast Asia. The country's economic growth prospects remain positive following strong consumer demand. While the Philippines business environment has improved in recent years, poor infrastructure, bureaucracy and restrictions on foreign equity ownership in certain sectors present challenges for foreign investors. In order to navigate the complexities of the market, Canadian companies are advised to identify and collaborate with strong local partners, especially with the large local conglomerates that have a lion’s share of the country’s major infrastructure projects.

Key Industries

  • Aerospace
  • Construction & Infrastructure
  • Environmental Infrastructure & Waste Water
  • Food & Beverage
  • Telecom

How we can support your business

Through its representation in Singapore, we provide regional support to Canadian companies planning on or currently doing business in the Philippines. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

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