Madrid
ABOUT
The Philippine Trade and Investment Center (PTIC)-Madrid is the representative office of the Department of Trade and Industry (DTI) in the city.
PTIC-Madrid is part of the Philippine Foreign Trade Service Corps (FTSC) of the DTI’s Industry Development and Investment Promotions Group (IPG).
Areas of coverage: Spain and Portugal
KEY OFFICIAL
DOING BUSINESS IN THE PHILIPPINES
At the heart for the world’s fastest-growing economies is the Philippines, the ideal investment destination. Our business is to make your enterprises grow. The opportunities from our diversified market, have excellent trade options both in the Asia-Pacific and beyond. Our business-friendly laws that draw multinational companies are backed by a government committed to creating a business-friendly landscape. There has never been a better time to make it happen in the Philippines.
2023 ES Ranking as PH Trading Partner
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| TOTAL TRADE out of 230 countries | EXPORT MARKET out of 205 countries | IMPORT SUPPLIER out of 221 countries |
Philippines-Spain Bilateral Trade and Investment Relations
Bilateral Merchandise Trade (2021-2023)
PRIORITY SECTORS FOR PROMOTION in SPAIN
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PH PRIORITY SECTORS FOR INVESTMENTS
INVEST IN THE PHILIPPINES
STRATEGIC LOCATION
We are an archipelagic country located in the heart of the ASEAN region, providing access to a consumer market of over 600 million and to the world’s major hubs for manufacturing and trade. GDP growth in the ASEAN market is set to soar in the next five years and we are more than ready to meet that demand. Our strategic location, combined with our cost-efficient labor, gives businesses the best opportunity to access one of the world’s major preferred hubs for manufacturing and trade. We provide access to key markets through Free Trade Agreements (FTAs) and Generalized System of Preferences (GSP), including membership to the Regional Comprehensive Economic Partnership (RCEP) Agreement, the world’s largest free-trade deal.
BUSINESS ENVIRONMENT
We provide a business-friendly environment for companies across the globe. We offer interesting and modernized incentives and development opportunities on priority sectors to attract sustainable and innovation-driven businesses. We established legislation to protect foreign investments, grant necessary assurance, and guarantee business security in the Philippines. We also implement game-changing laws that will further support and spur local foreign investments.
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| 2,400 Universities | 23 major ports and 100+ minor ports | 86 Airports | 51.9 Number of Workforce |
OUR PEOPLE
The Philippines is home to a talented, skilled, and English-speaking workforce. Our commitment to human resource development is reflected in the rise of our global talent ranking. Our institutions continue to figure high in the list of ASEAN top universities. Year after year, well-educated, highly motivated young people are added to our workforce. Our competitive labor costs are just one more attraction.
REGIONAL POTENTIAL
The Philippines is an archipelago made up of 7,000 islands and four diverse regions. These regions boast highly developed infrastructure and abundant natural resources. The diversity of the Philippines allows us to facilitate international businesses from a wide range of industries.
Partner with the Philippines
The Philippines, your gateway to the ASEAN region and to the world. Partner with the Philippines.
