The Philippines-France Business Council was launched on 6 October 1998 in Manila in the presence of Philippine Trade and Industry Undersecretary Melito Salazar and French Minister of Foreign Trade Jacques Dondoux.

The Council is composed of top business executives from both countries and was established to promote business and investment between the Philippines and France. The Council provides an umbrella organisation and overall framework for identifying opportunities for cooperation between the business communities of the two countries. Specific business opportunities and programmes are followed up and implemented by private sector companies in both countries.

The Council's objectives are to identify and develop areas for cooperation between corporations of France and the Philippines; to encourage and develop further investments; to enhance and expand trade links; and to develop and foster cooperation between French and Philippine companies in third-party countries of Asia Pacific.

The Philippines-France Business Council is chaired by
Mr. Aurelio Montinola III (President & CEO of Bank of the Philippine Islands).
The Makati Business Club (Philippines) and
Medef International (France) are the secretariats of the Council.