Ambassador Jaime FlorCruz has introduced the Philippines as a major hub for economic services market in Asia.
In his speech at the recent Philippine Country Forum at the 2025 China International Fair for Trade in Services (CIFTIS) in China’s capital city, FlorCruz urged Chinese investors, innovators and business owners to choose the Philippines as a destination for their next projects.
‘The Philippines is a strong and stable country, and a global center of competitive services in Asia,’ the country’s envoy to China said. ‘We are open for business and we welcome China-our largest trading partner-to partner with us in high-growth services and industries.’
This year marks 50 years of Philippine-Chinese formal diplomatic relations, but trade and people-to-people exchanges between the two countries have spanned for more than a thousand years.
According to FlorCruz, the Philippines is further improving its business-friendly climate, as well as new benefits from the Corporate Recovery and Tax Incentives for Enterprises Act-a piece of legislation that lowers corporate income tax and provides clearer and more focused incentives for businesses.
The law aims to make the country a more attractive business destination, support the recovery of companies and strengthen its competitiveness in the region.
Also, the envoy highlighted FiberHome-a Chinese networking and telecommunication equipment provider with successful Philippine operations.
FiberHome, FlorCruz said, is living proof that progress can be achieved by investing in the Philippines.
‘We invite Chinese businessmen to visit the Philippine Pavilion and explore the possibilities of future cooperation-combining China’s cutting-edge technology and Filipino excellence in the field of services,’ he said.