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Japan Continues To Be A Valuable Partner In Support Of PH’s Development

Ambassador Jose C. Laurel V with Ambassador Kazuhiko Koshikawa, Dr. Susumo Ito, and the students and faculty of UPLB College of Public Affairs and Development.

The University of the Philippines Los Baños (UPLB) College of Public Affairs and Development organized a webinar on “The Philippines-Japan Economic Relations: Post-Pandemic Era” held on 23 March 2022.

Dr. Susumo Ito, Graduate School Dean of the University of Niigata Prefecture, discussed the impact of COVID-19 on the Philippine economy, the effects of the recently adopted Regional Comprehensive Economic Partnership (RCEP) and how it restructured global trade partners and supply chains, and possible areas for further economic collaboration between the two countries.

As discussant, Ambassador Kazuhiko Koshikawa cited that the Philippines is the 8th Largest Host Country for Japanese companies in the world, and 7th Most Promising Country for Japanese manufacturers in 2021. He added that the Philippines continues to be an attractive destination to Japanese companies due to the growth potential of the local market and as an inexpensive source of labor.

Ambassador Jose C. Laurel V agreed with Professor Ito’s recommendations and stressed that there are still many areas in the Philippine-Japan relationship to explore, seeing as the Philippines continues to see Japan as a valuable partner in support of the country’s development objectives.

The webinar is still available in UPLB’s Facebook page at https://www.facebook.com/cpafuplb/videos/390501599174410.