The Philippines-Japan Economic Cooperation Committee, Inc. (PHILJEC) formerly known as the Philippine National Committee for Economic Cooperation with Japan, was established in November 16, 1973 to promote, strengthen and expand trade, economic, scientific technological advancements, exchange assistance to business endeavors in both the Philippines and Japan. It was designed to be a forum for private sector dialogue and the exchange of ideas geared towards the enhancement of Philippines-Japan relations.
”In 1974, The Philippines-Japan Economic Cooperation Committee, Inc. (PHILJEC) (formerly known as the Philippine National Committee for Economic Cooperation with Japan) and its counterpart, Japan-Philippines Economic Cooperation Committee, (JPECC) which is composed of leading businessmen in the two countries, forged a special agreement of economic cooperation to develop mutually beneficial relations. Among their objectives are to promote, strengthen and expand trade, economic, scientific technological advancements, exchange information data on economy, foreign trade, trade rules and regulations, and render necessary assistance to business endeavors in both countries”.
As a concrete means to obtain these objectives, a Joint Meeting has been held annually in the Philippines and Japan (except for a suspension of five years).
The Joint Meeting focuses on business and socio-economic conditions in both countries, recent developments in trade and commerce, new areas for investments and business opportunities. More than 100 top businessmen from both countries regularly attend this Meeting.