BMW AG is exploring the possibility of ordering more auto parts from the Philippines, according to the Department of Trade and Industry (DTI), which will organize a business matching event to line up potential suppliers for the German automaker.
The DTI’s Board of Investments (BoI) said it will conduct on June 19 a BMW Information Session and Business Matching session in Makati City.
“The event provides an opportunity to gain insights on how a European car manufacturer sees the future of automotive, and how the Philippines positions itself amidst the fast-paced technological growth in the sector,” the DTI said in a statement Thursday.
At the event, BMW is expected to present its insights on the “New Automotive Economy” and the firm’s sourcing strategies and rules.
Asked if BMW expressed specific interest in expanding sourcing from the Philippines, Trade Secretary Ramon M. Lopez said the expression of intent was made “about a year ago when we visited their plant in Germany.”
“We made a pitch to them before. Offered auto parts and services, technicians,” Mr. Lopez said in a mobile message yesterday.
Read more: BusinessWorld
ABOUT PTIC TAIPEI
The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan