Philippine Ambassador Dizon- De Vega (top left) gives her presentation on development cooperation projects between PH and ROK at the 2022 Industrial Technology and Energy Development Cooperation Networking Day held at the Grand Hyatt Seoul on 22 December 2022.

30 December 2022, Seoul. Philippine Ambassador Dizon-De Vega presented key development cooperation projects between the Philippines and the Republic of Korea during the 2022 Industrial Technology and Energy Development Cooperation Networking Day held at the Grand Hyatt Seoul on 22 December 2022.

Ambassador Dizon-De Vega likewise shared key factors for success of development cooperation projects between the ROK and the Philippines such as matching partner needs and expertise, close coordination between implementing bodies, mutually beneficial gains, and the engagement of the private sector. The Ambassador highlighted that the Philippines-Republic of Korea FTA is expected to be signed next year, and that a new cooperation project aims to maximize the benefits of the agreement through the development of an Origin Management System for the Promotion of the FTA. Through this, PH-ROK hopes to reduce time and cost to comply with rules of origin requirements of FTAs and GSPs and at the same time promote the export of Philippine Micro, Small & Medium Enterprises (MSME) products not only to Korea but to all major markets. END