(PRWEB) July 1, 2005
Representatives of eleven leading IT business processing companies in the Philippines are seeking opportunities for collaboration with companies in Europe, according to the Center for International Trade Expositions and Missions (CITEM).
The firms are participating in a trade mission to the United Kingdom and the Netherlands. Philippine Trade and Industry Secretary Juan B. Santos said the companies are aggressively pursuing partnerships with European firms.
ÂThe Philippines is well-established as a provider of IT and IT-enabled services (ITES) to North America,Â said Santos. ÂThere is also much opportunity in Europe for collaboration and partnership in these sectors.Â
Companies participating in the Europe mission include Alliance, ACS. DTSI, Environments Collaborative, Business Processing Association of the Philippines (BPA/P), PLDT, SPI, Teletech, Sencor, InventAsia and Vision X.
The IT and ITES market in Europe is estimated to be worth US$64 billion by the end of 2005, and is expected to grow at the rate of 15% per annum. The United Kingdom is the largest EU-market for IT services according to a CBI market survey on software and IT services conducted in 2004, followed by Germany, France, Italy, the Netherlands and Sweden. The value of IT and ITES services in these markets rose by 10 percent to Є2.9 billion in 2003.
The Philippine business mission will visit the UK and Netherlands and participate in several business conferences and matching sessions. The delegation will participate for the first time in OutsourceWorld London (29 Â 30 June 2005), EuropeÂs premier IT outsourcing event.
ÂPromoting the Philippines as an e-services hub in Asia is the principal focus of this mission,Â said Santos.
Santos said A.T. KearneyÂs 2004 Offshore Location Attractiveness Index placed the Philippines as one of the top three outsourcing destinations among 25 countries. The Philippines was recognized for its favorable cost structure (compensation, infrastructure and tax costs) and human resources capability.
The mission is organized by CITEM and Board of Investments with the support of the BPA/P, an alliance of multiple IT services-oriented organizations focusing on software development, medical transcription, animation, call center, and back office-related services.
For information about e-Services Philippines Goes to OutsourceWorld UK and the Netherlands, please call the Philippine Trade and Investment Center Â London, Embassy of the Philippines, 1A Cumberland House, Kensington Court London W8 5NX England, United Kingdom; (44) 20 79371898/79377998.