Information

This barrier is unrelated to the end of the transition period, following the United Kingdom's departure from the EU.

Public ID: PID-GKDRYB

UK companies granted increased investment opportunities in the Philippines offshore wind market

in Philippines

Trade barrier summary

The removal of the 40% foreign ownership cap in the Philippine Offshore Wind market addresses the issue of slow project delivery. This regulatory change now enables UK investors to hold majority shares in projects.

Sectors affected

  • Energy
  • Financial and professional services

Resolved

Yes - December 2022

Date reported

22 June 2022

Last updated

21 November 2023

Public ID

PID-GKDRYB

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