The top five challenges that U.S. companies experience in the Philippines are:
1. Graft and Corruption: Corruption, a constraint to trade and investment, is a pervasive and long-standing
challenge in the Philippines.
2. Regulatory System: Product registration, product standards, and environmental and labeling requirements
place restrictions on certain products.
3. Infrastructure: The Philippines lags behind many of its neighbors in infrastructure development. Traffic congestion in Metro Manila continues to be a major problem.
4. Philippine Government Procurement: There are procurement opportunities in the Philippine Government, but a local partner is generally required.
5. Highly Price-Sensitive Market: U.S. products are generally known for high quality but are also more expensive. U.S. exporters should not expect to apply their U.S. pricing strategy in this market. Distributors and
customers request payment terms.
Being the Head of AFRICAN based company Marketing & Sales Department what Product Solutions can you Develop to overcome above challenges to succeed in doing business here in the Philippines?