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Franchising continues to be a profitable business opportunity

The International Franchise Expo begins September 22
By Entrepreneur Staff |

Franchising will continue to strongly fuel the growth of some of the world’s largest and emerging economies according to a joint statement issued by 32 countries that attended the World Franchise Council meeting hosted by the German Franchise Association in Berlin, Germany last April 12-16.

This was announced by incoming WFC chair and Philippine Franchise Association (PFA) chairman emeritus Samie Lim, who led the Philippine team which attended the international meeting of franchise associations worldwide.

“As articulated in the WFC Berlin Declaration of 2011, the global outlook is bullish for franchised businesses as they are expected to bolster the levels of national income, employment opportunities and investments in the world’s top economies like India and China, as well as ASEAN markets like the Philippines, Singapore and Malaysia,” Lim said.

“Based on the country reports presented by national franchise associations for year 2010, the franchising multiplier remains a vital driver of economic activity,” Lim added. “In this sense, franchising’s important contribution in forging a robust global economy cannot be overstated.”

WFC, an amicable, non-political body founded in 1994, will hold its meeting in the Philippines this September 20-22. This high-level meeting of leading franchising figures is one of the four major activities of Franchise Asia 2011, touted as the biggest franchise event in Asia.

 

To know more about the event, visit www.franchiseasia.com.ph or www.pfa.org.ph and register on-line for special admission rates. For other details call the PFA Secretariat at telephone numbers (02) 687.0365 to 67; (02) 798.2543 or e-mail pfa@pfa.org.ph. For more information on the Expo, call the exhibit management team Global Link MP Events at (02) 750.8588 or e-mail franchise@globallinkmp.com.

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