Asunción, Agencia IP.- Filipino businessman Jet Ambalada, owner of one of the most important battery manufacturing plants in the Philippines and Asia, expressed particular interest in producing vehicle batteries. He also highlighted the advantages Paraguay offers to investors.
The Deputy Minister of Industry, Marco Riquelme, and the President of the Paraguayan Animal Health and Quality Service (Senacsa), José Carlos Martin, welcomed Ambalada, who owns one of the leading battery factories in Asia.
Ambalada’s visit coincides with the arrival of a Filipino sanitary delegation to Paraguay. The delegation is tasked with auditing Paraguayan beef in view of its potential export to the Asian country.
«The investor is extremely interested in learning more about the opportunities Paraguay has to offer and will remain in the country throughout the week. We consider this an exciting and attractive opportunity from every point of view,» stated Riquelme.
The business group has shown special interest in vehicle battery manufacturing. In this context, specialists from the Vice Ministry of the Investment and Export Network (Rediex) gave a detailed presentation on the advantages Paraguay offers investors, highlighting special regimes such as maquila and Law 60/90, which made a strong impression on Ambalada.
Beef export opportunity for Paraguay in the Filipino market
The Filipino sanitary delegation also represents a significant opportunity for Paraguay’s beef sector, according to the Ministry of Industry and Commerce (MIC).
With a population of 120 million, the Philippines is a large-scale market with high meat consumption. Ninety-nine percent of the beef is imported. Paraguay is positioning itself as the only country capable of exporting beef cuts to this market.
«We are working closely with Senacsa to support the efforts of the Filipino sanitary delegation and achieve market access for our beef sector,» Riquelme concluded.