European businessmen press PH on ownership limits

ABS-CBN News

Posted at Oct 12 2017 03:48 PM | Updated as of Oct 12 2017 04:49 PM

MANILA - Pushing for the easing on ownership restrictions for foreigners will be high on the agenda when European businessmen host an investment summit next week, one of its organizers said.

"We are very hopeful, very positive on it that this time around, we will see it through," said European Chamber of Commerce of the Philippines Guenter Taus.

The European Union will release in January the results of its review of trade perks granted to the Philippines, said Walter Van Hattum, trade and economics section head of the EU delegation.