As per an interview with Philippines ambassador to Egypt, Leslie J. Baja, the Philippines and Egypt are to enter an agreement and have a business council by the end of 2016 with the aim to promote trade and investment between the two countries.

Both countries expect to gain a lot from the agreement, however Mr Baja foresees a huge cooperation in the information technology sector and also in BPO, as the Philippines is the second in the area of back office business process outsourcing and has become the leading country in voice business process outsourcing, overtaking India’s position. They are also hoping to achieve mutual collaboration in agricultural research, tourism, furniture and textiles industries.

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