The Philippines will participate in the upcoming trade fairs in China, according to Trade and Industry Secretary Ramon M. Lopez.
The DTI chief announced at the virtual presser of the Presidential Communications Operations Office that they have just formally written his Chinese counterpart of the Philippines’ participation in the upcoming fairs in China.
Lopez was referring to China International Fair for Investment & Trade (CIFIT) to be held in Xiamen starting September 8. The Philippines will also be participating in the China International Import Expo (CIIE) on November 5-10 this year.
The CIFIT Fair showcases China’s investment environment, image, policies and business opportunities to promote foreign investment in China. CIFIT is currently China’s only international investment promotion event aimed at facilitating bilateral investment. CIFIT features a focus upon nationality and internationality, upon investment negotiation and investment policy promotion, upon coordinated development of national and regional economy, and upon economic and trade exchanges across the Taiwan Strait.
The CIIE will be held on November 5 to 10 in Shanghai. It is the world’s first import-themed national-level expo featuring exhibitions from multiple countries. If ever, this will be the third time for the Philippines to attend in this global sourcing expo.
“China is a huge market and our number one trading partner since last year and we expect to be so,” he said.
He said the government is helping local entrepreneurs to be able to go online and participate in the e-commerce through seminars so they can reach a wider global market for their products.
“We continue to be active in the China market despite the pandemic to support our stakeholders,” he said citing the promotion of the country’s expertise and agricultural products to the China market.