Category : News
Date : March 03, 2017
Title : Canada investors interested in BPO, infrastructure
Article : CANADIAN investors are becoming increasingly interested in investing in the business process outsourcing (BPO) sector, and are actively looking for opportunities in the country, according to Canadian Ambassador to the Philippines John T. Holmes.

“The BPOs, I’m finding out more Canadian companies are interested in investing here,” Mr. Holmes told reporters during a reception at his residence on Wednesday.

The ambassador expressed hope that some specialized Canadian businesses can participate in the government’s big push to develop the country’s infrastructure.

“The subcontracting in areas of safety, security, engineering, these kinds of things,” he said, adding that Canada has investment pools that can be tapped.

Mr. Holmes said he welcomes more immigration to Canada.

“We want to see more Filipinos going to school in Canada, graduate, stay in Canada a couple of years, help our economy and then come back and help Filipinos,” said Mr. Holmes.

Senior Trade Commissioner of the Embassy of Canada Michel R. Belanger said Canada would like to increase bilateral trade between the two countries and might be pursuing a free trade agreement (FTA) with the Philippines sometime in the future.

“First step, we’re looking at ASEAN, but I’m sure that afterwards we’ll look at other opportunities and given that there was an interest with the Philippines and given that there’s a large Filipino (population) in Canada, I’m sure that we’ll look at a free trade agreement with the Philippines,” said Mr. Belanger.

Canada is currently trying to forge an FTA with the Association of Southeast Asian Nations (ASEAN).

Bilateral trade between the two countries now amounts to $2.2 billion, according to Mr. Belanger, with Canada exporting largely agricultural goods such as wheat, pork and beef to the Philippines while importing electronic products. -- Danica M. Uy