Evaluating the market in Philippines

We can help you get a better understanding of market activity, relationships and support to grow your business.
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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.

Read the latest Government of Canada travel advisory for this market.

Business environment in Philippines

With a population exceeding 100 million people, the Philippines is one of the largest markets in Southeast Asia. Due to strong consumer demand, the country’s economic growth prospects are high. While the Philippines business environment has improved in recent years and the government seems to be favouring foreign investments, poor infrastructure and bureaucracy present challenges for foreign investors.

To navigate the complexities of the market, Canadian companies are advised to have strong local partners, especially large conglomerates with a lion’s share of the country’s businesses.

Here’s a helpful tip for doing business in the Philippines

As in the west, Filipinos will generally consider it impolite to use your mobile phone during a meeting, but will be forgiving if you’re in extenuating circumstances.



Interested in growing your business in this market?

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Date modified: 2023-08-04