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Philippines

Living in a highly Westernized, free market economy, Filipinos are open to new trends, styles and products, providing plenty of opportunities for Canadian exporters.

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  1. Philippines
  2. Country and Market Info

Evaluating the market in Philippines

We can help you get a better understanding of market activity, relationships and support to grow your business.

EDC Position

EDC Country Position - Open

Open

What this means:

  • Actively pursuing business
  • All EDC solutions are available in this market, subject to regular approval criteria

How does EDC determine the position?

EDC takes the following into account when determining the position in a given market:

  • Government of Canada restrictions
  • Political, human rights and corruption risks
  • Other factors that may be taken into consideration are: size of the economy, diversification of the economy, risk of natural disasters
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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.
 

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.
 



Read the latest Government of Canada travel advisory for this market.
 

Business environment in Philippines

With a population exceeding 100 million people, the Philippines is one of the largest markets in Southeast Asia. Due to strong consumer demand, the country’s economic growth prospects are high. While the Philippines business environment has improved in recent years and the government seems to be favouring foreign investments, poor infrastructure and bureaucracy present challenges for foreign investors. To navigate the complexities of the market, Canadian companies are advised to have strong local partners, especially with the large conglomerates.

You should also check out

Doing Business in Southeast Asia
Guide September 12, 2016
Doing Business in Southeast Asia

This comprehensive guide helps you explore exporting and direct investment opportunities in the ten fast-growing markets of Southeast Asia.

Here’s a helpful tip for doing business in the Philippines

As in the west, Filipinos will generally consider it impolite to use your mobile phone during a meeting, but will be forgiving if you’re in extenuating circumstances.

  

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International Trade Solutions

Access more insights on this country

Bright, bold Trade Matters banner featuring image of EDC chief economist Stuart Bergman.

Beyond the beaches: Opportunities for Canadian exporters in the Philippines

Trade Matters December 19, 2024 With 115 million people, the Philippines is one of the fastest-growing markets in Southeast Asia.

Stuart Bergman, EDC

Vietnam: A market of pho-nomenal opportunities

Trade Matters December 04, 2024 Canada will find opportunities in Vietnam’s evolving economy where we hold comparative advantages

Manila city by Day showing Ortigas and suburban buildings in the foreground With the Bonafacio Global city centered in the background.

Doing business in the Philippines: Growing opportunities for Canadian exporters

Article November 08, 2024 Our experts give their top tips on the business opportunities in the Philippines.

An image of traffic congested Manilla in the Philippines, a hot market for Canadian exports to the Indo-Pacific. Our Philippines business etiquette tips can help you get a good start with prospective partners in the market.

Philippines business etiquette: 8 essential tips for success

Article July 31, 2024 Learn how to thrive as an exporter in this promising Indo-Pacific market

Smiling Asian man stands in front of Bangkok skyscrapers

3 markets to watch: Vietnam, Thailand and the Philippines

Article September 06, 2023 The Indo-Pacific region offers vast potential for Canadian companies.


 

Interested in growing your business in this market?

If you’re an existing customer, please contact your EDC account manager about any additional support you need. If you’re new to EDC, please contact us weekdays between 9 a.m. and 5 p.m. ET.

1-800-229-0575

Or send us a question and we’ll get back to you as soon as possible. Send a question.

Date modified: 2023-08-04

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