ECCP sees investment climate improving with PHL ratification of High Seas Treaty

THE European Chamber of Commerce of the Philippines  (ECCP) said the Senate’s ratification of the High Seas Treaty could improve the investment climate by demonstrating the Philippines’ commitment to protecting the environment.

“The ratification of the Agreement on Biodiversity Beyond National Jurisdiction, also known as the High Seas Treaty, affirms the Philippines’ long-standing commitment to safeguarding the oceans for present and future generations,” the ECCP said in a statement on Wednesday.

“With the ratification, Filipino scientists, students, and fisherfolk stand to benefit given the potential to support sustainable livelihoods, food security, and scientific innovations,” it said.

It added that sustainability is no longer an investor advocacy but “a pillar of competitiveness and long-term growth.”

“Clear policies that promote environmental protection and sustainable development enhance the country’s investment climate and global standing,” it added. — Justine Irish D. Tabile