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PIA Press Release

More new business partnerships eyed in DATE 2007

by Prix D Banzon

Davao City (15 September) -- The small and medium entrepreneurs, funding agencies and foreign investors mostly from Taiwan will meet during the Investment Briefing to firm up possible business partnership during the Davao Trade Expo (DATE 2007).

Department of Trade and Industry (DTI XI) assistant regional director Marizon Loreto said this is an opportunity where our funding agencies could link the investor and the Davao producers.

"We are excited about this because if it becomes successful will allow more business partnership in the future," she said.

She said the Taiwanese businessmen volunteered to join the business matching during the DATE 2007 even as she said that this gesture was an offshoot of the Davao SMEs familiarization tour in Taiwan where they (SMEs) where exposed to the several amazing machineries and technologies.

She said the SMEs noted the efficiency of the equipment that would enhance their production because of the big volume it could produce as well as the quality.

But Loreto said that because of the cost the SMEs would need a sizeable amount to fund the project and this is where the support of financial institutions would come in.

She said during their initial discussion with the funding agencies like the Development Bank of the Philippines and Philippine Export Import Bank, the banks are willing to partner with them.

Loreto said through the DATE they want that investors would come down and eventually locate to assist the region by putting up post harvest facilities like processing and packaging plants.

Unlike in the previous expositions, the Taiwanese investors will no longer bring down machineries for exhibit but they are more interested in the business matching because they are serious in doing business with the Davao producers.

She said although they have not identified their priority areas they are more interested on the food sector.

Right now she said they are doing inventory of these SMEs and the investors so that before the DATE Expo they already have the list of the possible businesses that would move up to firming up partnership.

Meanwhile Loreto said aside from those coming from Taiwan there will also be participants Australia, China, and Saudi Arabia. The US Embassy Commercial Service Office will also stage the US Catalog Show featuring American Companies from across the United States.

She also said that about 15 percent of those participating will come from the BIMP EAGA region. (PIA XI) [top]

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