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PHILIPPINE ASIAN NEWS TODAY May 16 - 31 , 2018

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The Philippines is set to hold the inaugural Aeromart Summit Clark , the premier aerospace business convention for aerospace parts manufacturing , maintenance repair and overhaul ( MRO ), and airport infrastructure industries .

The event will be held on June 4 to June 6 , 2018 at the Clark Freeport Zone , Pampanga .

Maria Roseni M . Alvero , who is the Philippine Department of Trade and Industry ’ s Senior Trade Commissioner to Canada , sees a lot of potentials in the emergence of the Philippines as an aerospace player .

“ Given its strategic location within four-hour travel time to and from all major Asian countries , and with critical access to the 600 million ASEAN market , we see Clark emerging as the next aerotropolis in Asia ,” Alvero said in a news release .

The aerospace industry plays a significant role in Canada ’ s economy as well , contributing close to $ 28 billion to GDP , employing 87,000 jobs and exporting over $ 15.8 billion in 2016 and considered a pillar of Quebec and Ontario economies .

“ With the Philippines identified as a priority emerging market under Canada ’ s Global Markets Action Plan , and aerospace recognized as a prior sector for both countries , the Philippine aerospace industry

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represents significant opportunities for Canadian companies ,” added Alvero , who is based in Toronto .

“ We hope that this event will make it known to Canada and the rest of the world that the Philippine aerospace industry is ready for business ,” she said .

The first edition of the summit is hosted by the Philippine Board of Investments ( BOI ) and BCI Aerospace , a specialized division of Advanced Business Events ( ABE ) and a world leader in B2B events for aeronautics , space , and defense industries such as Aeromart Montreal , in cooperation with various government agencies and industry stakeholders .

Aeromart Clark aims to launch the Philippine aerospace industry on a wider scale and promote greater awareness of the industry as a recognized partner in aerospace parts manufacturing , aircraft MRO , and aviation , aerospace , and engineering training . It is also expected to maximize investment and outsourcing opportunities in the Philippines , especially in Clark , which was formerly hosted the biggest US airbase in Asia-Pacific .

The Summit will bring together aerospace original equipment manufacturing ( OEM ) suppliers and Tier

2 -3 manufacturers , with capabilities on precision machining , design , and capabilities in surface processing and testing , as well as and MRO companies for a three-day event to showcase the Philippines ’ world class capabilities and the Philippine aerospace industry ’ s readiness to compete in the global market .

Already a key player in the region , with three of the world ’ s largest MRO p r o v i d e r s present in the country , the P h i l i p p i n e s contributes to 20 % of OEM b u s i n e s s globally with p r o d u c t i o n of landing gear systems , a c t u a t i o n systems and interiors .

T h e P h i l i p p i n e a e r o s p a c e industry has charted a 42 % compounded a n n u a l growth within the 2012- 2016 period and projects exports of over $ 2.5 billion USD worth of aerospace parts and employ around 15,000 personnel by 2022 . The Americas is among the country ’ s biggest export destinations , accounting for 40.8 percent share of total exports of aerospace parts in 2016 . **************

Maria Roseni M . Alvero

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