BOI-Kotra deal spurs cross-border investments

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BOI-Kotra deal spurs cross-border investments - Business Mirror

Quick Summary:

THE Board of Investments (BOI) said it has inked an agreement with Korea Trade-Investment Promotion Agency (KOTRA) to spur cross-border investment flows between the Philippines and Korea following the recent ratification of the Free Trade Agreement (FTA) between the two nations.

Trade Undersecretary and BOI Managing Head Ceferino S.

Bilateral trade between the two economies reached over $12 billion in 2023, BOI said, adding that this figure is expected to grow further with the implementation of the FTA.PHL shells out P1.