The Philippines DOT chief requests more investments from China in Filipino tourism

Published on : Tuesday, May 16, 2017

Filipino tourismThe Department of Tourism (DOT) in the Philippines is looking for more investments from China into the Filipino tourism sector, as it seeks to increase more visitors to the country. To quote Tourism Secretary Wanda Corazon T. Teo, “Now is the time to look at the Philippines from a different light, not just a place to visit and enjoy its destination, but a place to do business, as well,” said at a gathering of Chinese investors in a business forum at the Grand Hyatt Beijing. “I urge you to raise your stake in our country and be part of the dawning of a new era—the ‘golden age of infrastructure’.”

 

Teo is in Beijing to attend the Belt and Road Forum on International Cooperation, a two-day event that started on May 14.

 

Teo said, “With the ‘Build, Build, Build’ thrust of the current administration. Tourism infrastructures, ranging from airports, seaports to hotels, are integral to cope with the booming Philippine tourism industry. We are prepared to offer both fiscal and nonfiscal incentives through our tourism enterprise zone [TEZ] model.”

 

Teo also highlighted Manila’s warming relations with Beijing following Duterte and Xi’s meeting in the Chinese capital last October, including a revived tourism-development deal between the Philippines and China.

 

China is the second-largest trading partner of the Philippines, which buys close to $18 billion (P900 billion) in Philippine products annually, including electronic products, mineral products and agricultural produce.

 

Foreign visitor arrivals in the Philippines reached 5.9 million in 2016, with China providing 675,663 tourists, which is an increase of staggering 37.65 percent from 2015, and representing a market share of 11.32 percent.

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