The Philippine Chamber of Commerce and Industry (PCCI) and Paraguay’s Investment and Export Network REDIEX have signed a memorandum of understanding (MOU) to strengthen trade, foreign investment, and export opportunities between the two nations.
The Luzon Economic Corridor (LEC), the Philippines’ flagship trilateral infrastructure initiative with the US and Japan, is gaining momentum with seven new international partners, signaling growing global confidence in the country’s role as an Indo-Pacific investment hub.
Paraguay is seeking to strengthen trade, investment, and diplomatic ties with the Philippines and the broader Southeast Asian region, President Santiago Peña said Monday during the signing of key bilateral agreements.
The Philippine Economic Zone Authority (PEZA) is optimistic about a surge in Japanese investments in the Philippines following high-level business engagements in Japan from April 27 to May 1.