Agriculture Secretary Francisco Tiu Laurel Jr. has underscored the immense potential of Philippine agriculture to investors from Brunei, emphasizing the country's burgeoning domestic market, export prospects, abundant natural resources, and investor-friendly business environment.

Accompanying President Ferdinand Marcos Jr. during his recent visit to Brunei, Secretary Tiu Laurel participated in discussions aimed at deepening economic and diplomatic ties between the two ASEAN member nations. Also in the trip are other Cabinet secretaries and lawmakers led by House Speaker Martin Romualdez.

During a forum with business groups in Brunei, Secretary Tiu Laurel outlined various agri-trade and agri-business opportunities ripe for foreign investment in the Philippines. 

"Our President’s visit figures to further invigorate bilateral relations between the Philippines and Brunei in various areas. The Philippine Department of Agriculture is certain that this remarkable event will lead to partnerships and collaborations that will further deepen our economic ties in the field of agriculture,” the agri chief told the business forum.

He said that with a population exceeding 110 million and a burgeoning middle class with evolving consumption patterns, the Philippines offers a robust domestic market for agricultural products and premium food commodities.