The Department of Trade and Industry through its Center for International Trade Expositions and Missions (DTI‐CITEM) is keen on attracting more investments for the country’s booming energy sector through export promotion activities in the upcoming Hannover Messe to be held in Hannover, Germany, on April 23 to 27, 2018.
“We are elevating trade and investment promotion to a whole new level as we tap our partners for inclusive growth from the energy sector in a collective participation in this world’s most important industrial tradeshow and the largest capital goods exhibition in Germany,” said DTI Undersecretary for Trade and Investments Promotion Group (TIPG) Nora K. Terrado.
With the theme “Solutions for the New Era of Energy,” the energy sector of Hannover Messe 2018 will focus on innovative technologies for electric power systems to become more flexible, to intelligently connect sectors, and to engage new market participants amid an increasingly decentralized global energy chain.
Hannover Messe covers the world’s five industrial value‐adding chain under one roof, namely (1) energy; (2) integrated automation, motion and drivers (IAMD); (3) industrial supply; (4) research and technology; and (5) digital factory.
“As a global gathering of key industry players, Hannover Messe is the prime platform to drumbeat and build up investor confidence on the Philippines as a global powerhouse of renewable energy and other relevant technologies,” said Terrado.
In 2017, the Germany‐based event gathered 6,500 companies from over 70 nations and was attended by 225,000 visitors and trade buyers across the world, generating around 5.6 million partnerships, business models and other contacts.
Aside from renewable energy, the Philippines through DTI will also seek to secure investments for local stakeholders in energy efficiency, conservation, and transmission in the Philippines.
In preparation for Hannover Messe, Undersecretary Terrado said they are gathering a pool of 15 Philippine companies that represent the nation’s best foot
forward in terms of energy systems, technology, services and other industrial goods.
“Through this synergy among stakeholders, we will be able to seal partnerships with foreign investors and mobilize much‐needed funding and infrastructure to our energy players,” explained Terrado.
“It will also give motivation to our local energy stakeholders to fast‐track efforts towards the mainstream use of renewable energy sources in the Philippines as more and more countries have started their industrial shift towards more sustainable power sources,” she added.
Business‐matching meetings between Philippine renewable energy companies to potential investors, technology adapters, developers, suppliers and other local energy stakeholders are also expected to take place in the international tradeshow.
PH shifts to renewable energy
Renewable energy is defined as energy generated from natural processes that are continuously replenished which includes biomass, geothermal, hydro, wind, solar and ocean energy under the PEP 2012‐2030.
|In photo: Bagui Wind Farm in Bangui, Ilocos Norte.|
It has been identified in the country’s Investment Priority Plan 2017‐2019 as an emerging sector that needs government intervention particularly in export promotion.
Based on a DOE’s Philippine Power Situation Report, the country’s total power capacity in 2016 is at 53.16 million tons of oil equivalent (MTOE) with renewable energy occupying the second largest share at 32.5%, only next to coal at 34.6%.
The top renewable energy sources in the Philippines are hydropower (16.9%) and geothermal (8.9%), followed by biomass, wind, and solar (6.6%).
Date of release: 20 March 2018
|In photo: The 20 Philippine Honorary Consuls from Europe (Greece, Germany, Switzerland, Bulgaria, Serbia, Belarus, Denmark, Finland, Iceland, France, Albania, Slovak Republic, Slovenia, Croatia, and Austria) with Philippine Ambassador Millie Sta. Maria-Thomeczek (seated, 4th from L), DTI Undersecretary Nora K. Terrado (5th from L), Board of Investments International Investments Promotion Service (IIPS) Director Angelica Cayas (6th from L), DTI-EMB Director Senen Perlada (3rd from R), EU Delegation to the Philippines Economic and Trade Section Head Mr. Walter Van Hattum (standing, 7th from R), PCCI President Alegria Sibal-Limjoco (seated, 2nd from right) and BDO Senior Vice-President and Group Head for International Desks Mr. Edward Wenceslao (seated, 2nd from left).|
Following President Duterte’s vision to diversify and strengthen the country’s trade and investment relationship with other countries, the Philippines (PH) has revived the Joint Committee on Economic and Technical Cooperation with Turkey, followed by a series of fora with ministerial and business chambers in Hungary. The Trade & Investment Mission will be led by DTI Secretary Ramon Lopez, from February 5 to 9, 2018, which aims to promote as well the exports of more Philippine products to both markets and attract Turkish and Hungarian investors to do business and establish their operations in the country.
Co-organized by the Board of Investments (BOI) through the International Investments Promotion Service, Philippine Trade & Investment Centers (PTICs) in Paris and Berlin (with jurisdiction on Turkey and Hungary, respectively), and the Philippine Embassies in Ankara and Budapest, the Mission is in conjunction with the inaugural Philippine-Turkey Joint Committee for Trade, Economic and Technical Cooperation (PH-TR JCTEC) on February 6, 2018 in Ankara, Turkey. The Framework Cooperation agreement with Turkey was signed in 1999, but the talks have not advanced.
“The Philippines' engagement with Turkey and Hungary is in line with the current Administration’s strategy of rebalancing investment and trade relations with non-traditional partners through the pursuit of an independent foreign policy. With the country’s solid economic fundamentals built on the upbeat confidence of investors on the Duterte administration’s reforms and programs to create sustainable growth, we are positive of getting more investments from our foreign economic partner countries such as Turkey and Hungary as we continue to promote the country as a prime investment destination,” said Sec. Lopez.
The Trade Secretary is joined by a 6-member delegation from the Philippine Chamber of Commerce and Industry, Philippine-Turkish Business Council, United Architects of the Philippines, Integrated Micro-Electronics Incorporated, Malabon Longlife Trading Corporation, Megawide Airports Group & GMR-Megawide Cebu Airport Corporation, Philippine Food Service Equipment & Supplies and Great Crescent Flour Corporation.
For the Turkey leg, the delegation will promote construction; manufacturing particularly automotive, electronics, shipbuilding, and aerospace; Halal products; coconut products; personal care and IT Business Process Management, including creatives services—all of which were determined based on the existing priority sectors for trade and investment to Turkey validated by the Turkish Embassy in Manila and PTIC Paris and the Philippine Embassy Ankara.
The BOI represented by Trade Undersecretary and BOI Managing Head Ceferino Rodolfo, and Turkey’s Prime Ministry Investment Support & Promotion Agency represented by Vice President Mustafa Rumeli, are set to sign a Memorandum of Understanding (MOU) on exchanging information on investment environment and opportunities and sharing of experiences in attracting foreign investments as well as best practices in investments promotion.
The MOU also encourages interested local companies in setting up or expanding their businesses in the area of both participants, and provide support to facilitate inward investment to the extent possible under both parties’ respective laws and policies.
Meanwhile, for the Hungary leg, the delegation will meet with its counterpart led by Minister Peter Szijjarto, promote manufacturing particularly the sub-sectors of machineries, medical devices, automotive parts, aerospace, pharmaceuticals, food and agri-business; infrastructure; and shared services.
The two countries represented by Secretary Lopez and Minister Szijjarto agreed to pursue cooperation in said sectors during the Philippines-Hungarian Economic Cooperation Agreement held last March 28, 2017 in Manila.
Turkey and Hungary are minimal sources of foreign investments in the PH. On the trade side, in 2016, Hungary ranked as the PH’s 40th trading partner, 26th export market, and 64th import supplier. Turkey on the other hand was the country’s 45th trading partner, 45th export market, and 43rd import supplier.♦
Startup Asia Berlin (SUAB), the German-Asian startup platform that aims to enable the professionalization and direct cooperation between startup ecosystems of Berlin, Manila, Bangalore and Jakarta, will conduct its second Asian roadshow from 19 to 28 October 2017.
For the Manila leg and SUAB’s first Asian stop, the 2017 roadshow delegates will be participating at Slingshot ASEAN on 20 October, where they will engage in panel discussions and workshops. Particularly, SUAB, in partnership with QBO and the UNDP, are spearheading the panel on social innovation – a discussion on how startups can create social impact.
The Department of Trade and Industry (DTI), through its representative office in Germany – the Philippine Trade and Investment Center (PTIC-Berlin), has been collaborating with Berlin Senate on various activities related to startup ecosystem development. The visit of DTI Undersecretary Nora K. Terrado to Berlin in March 2017 and the participation of DTI Export Marketing Bureau (EMB) Director Senen Perlada in the Asia Pacific Weeks Berlin in May 2017 facilitated the SUAB participation in Slingshot ASEAN.
Slingshot ASEAN 2017 organized by the DTI, aims to highlight the milestones of the startup community in the Philippines and across ASEAN. With the theme, “Partnering for Change, Engaging the World,” this summit will present a platform for new breed of businesses that are still in their preliminary phase.
The SUAB roadshow delegation is composed of eleven (11) participants from Berlin and five (5) participants from each of the partner ecosystems representing various sectors such as fintech, IoT (internet of things), digital health, 3D movie production, and social innovation, as well as coworking spaces, innovation hubs and incubators. The delegation will travel through Manila, Jakarta and Bangalore with a program of matchmaking, business visits, excursions and participation in various international start-up events and conferences.
The city of Berlin, currently counting 1,800-2,400 startups, ranks 7th in the 2017 Global Startup Ecosystem Report. Said report was conducted by Startup Genome LLC and ranked startup cities in terms of access to funding, extent of market research, talent availability and start up performance and experience.
The StartUp AsiaBerlin program partners include the Unit for International Cooperation of Berlin’s Ministry for Economic Affairs, the Deutsche Gesellschaft für International Zusammenarbeit (GIZ), Impact Hub Manila, Indo-German Chamber of Commerce in Bangalore, and HI Indonesia. The project is funded by the German Federal Ministry for Economic Cooperation and Development (BMZ).