Dominguez downplays fears of US businessmen

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Finance Secretary Carlos Dominguez will meet the American businessman in the country to discuss their concerns amid increasingly frayed ties between the Philippines and the United States as President Rodrigo Duterte focus on China.

Dominguez emphasized despite the recent statements of the President he believes US firms would remain in the country as long as they both benefited from the arrangement.

” There are many businessman transactions between the Philippines and the United States and actually, these transactions are really based on mutual benefit to each other . And i think they will continue if there is a mutual benefit,” Dominguez told Malacanang press group.

He however said, he did not know exactly how the policies of the Philippine and US governments would affect business decisions.

Mr. Duterte, during recent visit to China, announced the Philippines economic and military separation from the United States, but later added that diplomatic ties would not be severed.
He also said the Philippines would be more dependent on China when it came to trade and commerce.

The President has been angry at the United States for threatening to cut aid to the country amid concerns over the spate of extra judicial killings of drug suspects in the country.
Dominguez said he had scheduled a meeting with the American Chamber of Commerce to tresh out any issue it may have about doing business in the country.

“We’re open to meeting with them and discussing with them all their concerns,” he added.
Members of businees process outsourcing (BPO) industry could also air any worries they may have during the Philippine Development Forum in Davao City on Nov. 8 and 9.
Dominguez encourages BPO to attend forum, whichhis departmentis organizing.

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