Canadian Prime Minister Justin Trudeau said his country would like to help micro small and medium enterprises, particularly those run and owned by Filipino women aside from investing in the country’s construction sector.
Canadian Prime Minister Justin Trudeau vowed to support micro small and medium enterprises, especially those run by Filipino women, as part of its investment thrust for the country.
Trudeau met with President Marcos Jr. at the sidelines of the ASEAN Summit in Cambodia on Sunday where he also raised the possibility of Canada investing in the Philippines’ construction sector.
In his bilateral talk with President Ferdinand R. Marcos Jr. on the sidelines of the Association of Southeast Asian Nations (Asean) Summits in Cambodia, Canadian Prime Minister Justin Trudeau said he wants to accelerate the process for “Canadian investors to be building in the Philippines.”
Trudeau said Canada is also ready to support local MSMEs particularly those owned by women.
Marcos lauded the proposal to help MSMEs recover from the effects of the pandemic and boost their competitiveness since it is aligned with the government’s priorities.
He noted that the government is prioritizing MSMEs since they make up over 90 percent of the country’s businesses.
“And so that’s what we’ve been trying to do— is to try to support them (MSME), as it has a very large multiplier effect,” Marcos said.
During his talk with the Filipino community in Cambodia last Sunday, Marcos said many of the companies, which were forced to shut down due the business disruptions caused by Covid-19 were MSMEs.
“That is now the job of the Marcos administration. To bring back all those, which shutdown [their operations],” Marcos said.
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