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Philippines News Agency

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The Philippines News Agency

The Philippines News Agency (PNA) is a web-based newswire service of the Philippine government. The PNA Headquarters are housed at the 2nd floor of the PIA building along Visayas Avenue, Quezon City. PNA's website address is http://www.pna.gov.ph

It has been 35 years since PNA was launched in an era when newswire operations relied mainly on teletype machines and typewriters. PNA has steadily paced the highly competitive and changing arena of Philippine journalism; it is now slowly but surely coming to par with the challenges posed by the globalization of media communications. This has deeply shaped modern journalism and the news media organizations that have been instrumental in creating the very conditions that made globalization a reality.

PNA has evolved today as an Internet-based news service agency that caters to the global demand for news and information to its subscribers, readers and a host of other clients. PNA's mission is spelled out clearly: to provide the government, the Presidency, the public, as well as its media and non-media clients, both local and foreign based, sober, factual, impartial and objective news and information. PNA provides news 24/7, including photos of major events, feature stories, sports news and events, local and global opinions, general information, as well as global news and feature stories. PNA employs about a hundred journalists and stringers across the country, with several foreign-based correspondents.

PNA beat reporters and stringers are deployed practically in every government office and agency, including the main offices and camps of police and security forces, to provide news 24/7 for local, regional and global subscribers and readers. PNA likewise maintains active news exchanges with news agencies of ASEAN member-countries and the Organization of Asia-Pacific News Agencies (OANA).

Philippines News Agency
www.pna.gov.ph
pnadesk@yahoo.com
+63 352 43 28,
+63 352 43 34,
+63 352 43 35
Latest Press Release
EU holds talks with civil society on trade with PHL. (PNA)

EU holds talks with civil society on trade with PHL. (PNA)

EU aims at doubling trade and investments with PHL

MANILA, (PNA) -- European investors are urging the Aquino administration to adopt further economic reforms in an effort to double the flow of bilateral trade and investments between the Philippines and Europe over the next few years.

Walter van Hattum, head of Economic and Trade of European Union Delegation to the Philippines, said that while the European Union and the Philippines have already strong commercial relations, the “underutilized” trade and investments could easily double.

In an open dialogue on EU-Philippines trade and investment, Hattum said “the Philippine economy, which is very much in the development,” has the huge opportunity to increase trade with 28-nation EU and other countries as well.

He encouraged the Philippines to diversify its exports, noting the “great opportunity to make it bigger.”

Hattum noted the increasing level of investments and business confidence ranking of the Philippines.

He said the Philippines has outperformed countries such as Brazil and India, indicating its conducive business climate.

“Today is a good moment to invest in the Philippines and beneficial to the Philippines. Further economic reforms are decisive to attract major FDIs (foreign direct investments) and trade,” added Hattum.

He said the Philippines trade policy options include the World Trade Organization (WTO) and free trade agreements (FTAs) and Generalized System of Preferences Plus (GSP+).

The EU Commission has positively endorsed the Philippines' GSP+ application to the EU Parliament and Council. The final outcome of granting GSP+ to the country will be known until next week.

EU Trade Commissioner Karel De Gucht earlier urged the Philippines to adopt a competition law and open up more for foreign investments, procurement and services which are keys to increasing its competitiveness.

In 2013, trade between the EU and Philippines amounted to over €11 billion, a figure seen likely to increase by another 20 percent this year.

The EU is also the largest provider of foreign direct investment in the Philippines, cornering 30 percent of foreign investments. (PNA)