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PIA Press Release
2009/06/02

Euro chamber to send bigger biz mission to Mindanao in August

Davao City (2 June) -- Following the Belgian business mission here last week, the European Chamber of Commerce in the Philippines (ECCP) is poised to send another business mission to Mindanao in August - but this time with a big delegation from various business groups in Europe.

In a briefing on Mindanao business prospects held at the Mindanao Economic Development Council (MEDCo) here, His Excellency Gregoire Vordakis, Ambassador of Belgium to the Philippines, said that they were really eager to visit Mindanao to see for themselves its untapped resources.

Vordakis brought with him two colleagues from ECCP and met with MEDCo, Davao Chamber of Commerce and Industries Incorporated (DCCI), Department of Trade (DTI) Region 11 and some local business entities involved in agriculture production, manufacturing, real estates, architecture and business process outsourcing (BPO) to take a closer look at the potential investments in the island-region.

"We will be back to Manila with a handful of proposals and we are very eager to report the outcome of our visit here to our colleagues in ECCP", said Vordakis, adding that that Belgium and the rest of Europe are very willing to help develop the economy of Mindanao.

Marison Loreto, DTI 11 regional director, said that Mindanao has been receiving a lot of business missions from abroad lately.

Loreto stressed that Mindanao's manpower and infrastructure-support facilities are already in place and can then provide a business-friendly environment for investors.

With the Belgian business mission in Mindanao, Loreto hopes that the DTI would be able to find Mindanao's market niche in the EU market.

"We're making comparisons of our previous business missions we've had in different parts of the country and we are quite optimistic in the business prospects here in Mindanao," said Vordakis.

The mission earlier reported that the Philippines has exported 240.44 million Euros worth of merchandise to Belgium from January to October last year.

Big chunks of the said export are vegetable and vegetable products, transport materials, raw materials for plastic and rubber products and chemical industries. (MEDCo/PIA XI) [top]

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