German Envoy Reveals About P8.7B Economic Plan for Philippines

By ROY C. MABASA

Germany’s Ambassador to the Philippines. Dr. Andreas Michael Pfaffernoschke disclosed that his country’s commitment to economic cooperation is evident through its comprehensive portfolio of projects totaling EUR 145 million (approximately Php 8.7 billion).

Speaking at the recent media event organized by the Embassy of the Federal Republic of Germany in Manila, Dr. Pfaffernoschke emphasized the importance of economic relations between the two countries, focusing on areas such as international rules-based order, skilled workers migration, climate cooperation, human rights, and people-to-people relations.

These projects, mainly implemented through Official Development Assistance (ODA) by organizations like Gesellschaft fur Internationale Zusammenarbeit (GIZ), cover critical areas like climate protection, biodiversity conservation, and peace and development.

The ambassador highlighted specific initiatives, such as the Trans-Climate project addressing climate change and biodiversity protection, and technical assistance to the Philippine Coast Guard for marine conservation efforts.

Non-governmental organizations (NGOs) complement ODA efforts, focusing on various fields such as agriculture, education, health, and human rights. Volunteer programs and small-scale projects further contribute to community development.

On humanitarian action and human rights, Germany is a major donor globally, supporting initiatives for disaster risk reduction, humanitarian response, and human rights protection in the Philippines.

Economically, efforts to increase trade, investment, and market access include discussions on a Free Trade Agreement between the EU and the Philippines, with an emphasis on sustainable trade practices.

People-to-people exchanges and skilled labor migration are also prioritized, with initiatives aimed at facilitating bidirectional migration and promoting sustainable recruiting practices.

Dr. Pfaffernoschke, in sum, said the significant strides made in economic cooperation and development between Germany and the Philippines, underscoring the shared commitment to fostering growth, sustainability, and prosperity for both nations.