The Philippine economy is now in the midst of an unprecedented crisis as the ongoing coronavirus pandemic paralyzed economic activities, disrupted supply chains, and led to a sharp rise in unemployment. Investor confidence among the European-Philippine business community remains dampened due to the uncertain business landscape in the country. In response, the government eased lockdown measures and introduced economic reforms to put the economy back on track. As such, the European-Philippine business community aims to play an active role in working with the government and other stakeholders in restoring business confidence and building upon the achievements of the past years in making the Philippines a more attractive and desirable destination for trade and investments from Europe.

As such, the 2020 European-Philippine Business Summit (EPBS), now in its seventh year, will bring together a community of stakeholders across the government, private sector, academe, and development partners keen on strengthening the European-Philippine economic relations. This year's EPBS will feature sessions on the future of trade and investments, a high-level dialogue on post-pandemic economic recovery, as well as emerging challenges and opportunities in doing business and global competitiveness.