News Release

Three MOUs promoting PH, Czech Republic trade, investment cooperation signed on PBBM’s state visit to Czech Republic



President Ferdinand R. Marcos Jr. on Friday witnessed the ceremonial signing of memoranda of understanding (MOUs) with Czech business leaders aimed at promoting trade and investment between the Philippines and the Czech Republic.

In his speech during the Philippines-Czech Business Forum organized by the Philippine Embassy in Prague and the Department of Trade and Industry (DTI), President Marcos said the signed MOUs unlocked the vast potential in the business partnership between the Philippines and the Czech Republic.

“These agreements are not just documents. They are a commitment to unlocking the vast potential that lies in our partnership, especially in the semiconductor and IT-BPM sectors,” President Marcos told the Czech business leaders.

For his part, President Pavel said he hopes the forum will bring the Philippines and the Czech Republic closer when it comes to interests in business opportunities.

President Marcos and President Pavel witnessed the signing of the three MOUs.

The first MOU was signed by Semiconductor and Electronics Industries in the Philippines Foundation Inc. President Dr. Danilo Lachica, and Electrical and Electronic Association of the Czech Republic President Jiři Holoubek for the cooperation in extensive initiatives on bilateral exchange of information, organization of bilateral trade, economic development and exchange missions, skills, and knowledge and innovation.

IT and Business Process Association of the Philippines, Inc. President and CEO Jonathan Jack R. Madrid and Confederation of Industry of the Czech Republic Vice President Milena Jaburkova signed the second MOU for the promotion of trade and investment between the Philippines and the Czech Republic in terms of utmost efforts for the promotion of commercial and industrial relations (in IT-BPM).

The second MOU also covered best practices exchange on influencing the government policies and playing an active role in policy making that is beneficial to the industry, talent development, and encouraging responsible AI implementation.

Philippine Chamber of Commerce and Industry President Consul Enunina Mangio and Confederation of Industry of the Czech Republic Vice President Milena Jaburkova signed the third MOU for the promotion of trade and investment between the Philippines and the Czech Republic in terms of utmost efforts for the promotion of commercial and industrial relations (in IT-BPM), exchange of trade missions, organizing trade exhibits and fairs, exchange and answer trade and business enquiries, research and education/training. PND