The Philippine delegation of the presidential visit to Japan encouraged Japanese business leaders to expand their manufacturing of semiconductors, electronics, and wiring harnesses production in the country.
In a media advisory, the Department of Trade and Industry (DTI) said the meeting hoped to “affirm and strengthen the robust economic partnerships between the Philippines and Japan.”
“With the demand expected to grow in the global market, we would like to explore how we can encourage you to expand and upgrade your operations in the Philippines,” said Trade Secretary Alfredo Pascual.
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According to the DTI, in 2021, the Philippines is the fourth largest exporter of wiring harnesses in the world after Mexico, China, and Romania. The Philippines is also one of the lowest-cost producers of wiring harnesses in the world based on export value and quantity.
The Philippines’ electronics industry, which employs more than 3 million direct and indirect workers, is divided into 73% Semiconductor Manufacturing Services (SMS) and 27% Electronics Manufacturing Services (EMS). Most of the manufacturing plants are located in Metro Manila, CALABARZON, Cebu, and Northern and Central Luzon.