DTI Foreign Trade Service Corps meets with World Bank to discuss more public-private initiatives 

Posted: March 27, 2025
A group of nine individuals stands in a well-lit lobby area in front of a wall displaying the DTI logo. They wear business attire and are posed side by side, smiling at the camera.
From left to right: FTSO Jeremiah Reyes (FTSC); Ms. Macy Kiocho (World Bank); Mr. Xavier Cirera (World Bank); FTSO Beatrice Karamihan (FTSC); Assistant Secretary Alma Argayoso (FTSC); Senior Economist, Mr. Jaime Frias (World Bank); Mr. Luis Abad  (World Bank); Senior Private Sector Specialist Ms. Kim Chandra (World Bank), Regional Coordinator Rose Anne Caringal (FTSC). 

The Department of Trade and Industry Foreign Trade Service Corps (DTI-FTSC) recently met with the World Bank to discuss strengthening public-private partnerships, focusing on investment and trade. 

During the meeting, the World Bank emphasized its commitment to private sector development through engaging with stakeholders to address key challenges in value chains, foreign direct investment (FDI) barriers, and creative industries. Their initiatives span across e-commerce, policy support, advisory roles, and project financing, particularly for small and medium enterprises (SMEs) and DTI programs. 

The discussion also highlighted the need to bridge institutional gaps, such as database management, information sharing, and framework execution. Through knowledge-exchange the collaboration aims to support the implementation of strategic solutions to enhance economic growth in the Philippines. 

The DTI-FTSC serves as the department’s overseas arm in promoting trade, investments, and economic partnerships. With its network of trade officers stationed worldwide, FTSC actively engages with international organizations, governments, and businesses to advance the Philippines’ economic interests and drive sustainable growth. 

A group of eight individuals seated around a conference table in a modern meeting room. Laptops, water bottles, and a snack basket are on the table. They are wearing business attire and smiling at the camera, appearing to be in a discussion or meeting.

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Date of release: 27 January 2025