Technical Assistance, Partner Identification and Strategic Alliances
Sector-Specific Business Encounters in Europe & in the Philippines
Market Entry Support for European Enterprises
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Creating Strategic Alliances through Technical Assistance, Business Encounters, and the Market Entry Support
| Strategic Alliances |
Joint Production
Sub-contracting
Licensing
Technology Transfer
Marketing/Distribution
Research & Development
Joint Ventures
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Promoting the creation of strategic alliances among enterprises builds stronger business relations between Europe and the Philippines. Strategic alliances can take many forms (see box) but the main objective is to establish partnerships that will enable firms from the European Union (EU) and the Philippines (RP) to undertake joint activities based on their comparative strengths. Such partnerships are intended not only to promote business cooperation but more importantly, to raise the global competitiveness of both EU and RP enterprises.
The BCF is an instrument for economic cooperation that is designed to facilitate the creation of strategic alliances by:
- providing technical assistance to Philippine firms to meet the requirements of potential European partners;
- supporting the organization of sector-specific business encounters in Europe and the Philippines; and
- helping European firms to access trade and investment opportunities in the Philippines by providing market entry support.
By supporting such activities, the BCF will be able to contribute in strengthening EU-RP commercial and investment relations, promoting the development of mutually beneficial business relationships, and raising the European profile in the Philippines.
The BCF has received from the European Commission (EC) a total of ECU 2.5 million (or approximately Pesos 80 million) to co-finance the various activities in priority sectors of the European Union and the Philippines. The European Chamber of Commerce of the Philippines (ECCP) is entrusted with the implementation of the BCF, which will be available for a period of 5 years until April 2001.
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