Country Information Export Development Canada Asia and Pacific

Philippines

Living in a highly Westernized, free market economy, Filipinos are open to new trends, styles and products, providing plenty of opportunities for Canadian exporters.

Evaluating the market in Philippines

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

EDC Position

EDC Country Position - Open

Open

What this means:

  • Actively pursuing business
  • All EDC solutions are available in this market, subject to regular approval criteria
How does EDC determine the position?

Risk Rating

EDC Country Position –Low  Medium Risk

Low to Medium Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

Business environment in Philippines

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

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.

Download our guide on Doing Business in the Philippines

International Trade Solutions

We understand opportunity

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We can help you succeed internationally. Speak with a Trade Advisor today to learn how.

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Thank you for your interest in speaking with a Trade Advisor.

As requested, and EDC Trade Advisor will contact you on between . We look forward to speaking with you soon!

If you would like to speak with someone immediately, please call  1-888-220-0047.

 

Interested in growing your business in this market?

Speak to a Trade Advisor weekdays between 9 am to 5 pm EST.

1-888-220-0047

Or send us a question and we'll get back to you as soon as possible. Send a question

Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC