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.

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Sectors affected

• Financial and professional services

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Resolved

Yes - December 2022

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Date reported

22 June 2022

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Last updated

21 November 2023

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Public ID

PID-GKDRYB

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