Philippine, Czech business leaders sign MOUs

PRAGUE - Filipino and the Czech business leaders have signed three MOUs that are expected strengthen trade and investment between the two countries. 

President Ferdinand ''Bongbong'' Marcos Jr. said the MOUs unlocked the vast potential of the business partnership between the Philippines and the Czech Republic.

“These agreements are not just documents. They are a commitment to unlocking the vast potential that lies in our partnership, especially in the semiconductor and IT-BPM sectors,” Marcos said at the Philippines-Czech Business Forum.

The Philippine Embassy in Prague and the Department of Trade and Industry put together the event.

Czech President Petr Pavel expressed hope that the forum would bring the Philippines and the Czech Republic closer in terms of interest in business opportunities.

The first MOU was signed by Semiconductor and Electronics Industries in the Philippines Foundation Inc. President Dr. Danilo Lachica, and Electrical and Electronic Association of the Czech Republic President Ji?i Holoubek for the cooperation in extensive initiatives on the bilateral exchange of information, organization of bilateral trade, economic development and exchange missions, skills, and knowledge and innovation. 

IT and Business Process Association of the Philippines, Inc. President and CEO Jonathan Jack R. Madrid and Confederation of Industry of the Czech Republic Vice President Milena Jaburkova signed the second MOU for the promotion of trade and investment between the Philippines and the Czech Republic in terms of utmost efforts for the promotion of commercial and industrial relations. 

The second MOU also covered best practices exchange on influencing government policies and playing an active role in policy-making that is beneficial to the industry, talent development, and encouraging responsible AI implementation.

Philippine Chamber of Commerce and Industry President Consul Enunina Mangio and Confederation of Industry of the Czech Republic Vice President Milena Jaburkova signed the third MOU for the promotion of trade and investment between the Philippines and the Czech Republic in terms of utmost efforts for the promotion of commercial and industrial relations (in IT-BPM), exchange of trade missions, organizing trade exhibits and fairs, exchange and answer trade and business inquiries, research and education/training.