The Intellectual Property Office of the Philippines is governed by the Intellectual Property Code of the Philippines and the Philippines joined the ‘Patent Cooperation Treaty’ (PCT) in August 2001.
The Philippines’ current presidential administration has committed to a program which has the potential to allow for better economic cooperation in trade and investment, if the reform is implemented.
The Philippine GDP has grown to US$299.3b in 2015 due to an increase in consumption domestically and through private investment growth, government spending, and improved exportation. Business Process Outsourcing is growing as a key driver of the Philippine economy in recent years.
Australia and the Philippines have a close relationship in a wide range of areas including law enforcement, development and defence. Regular Philippines-Australia Ministerial Meetings (PAMM) take place to keen an open dialogue on these topics.