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PIA Press Release
2009/06/19

Northern Mindanao sends investment mission to Taiwan

Cagayan de Oro City (19 June) -- 19 businessmen from Northern Mindanao and four government officials are heading for Taiwan for an Investment mission on June 21-27, 2009.

The Department of Trade and Industry (DTI)-Region 10 is spearheading this activity to promote the trade and investment opportunities of the region.

DTI-10 Regional Director Alicia Euseña said, "The Philippine Trade and Investment Center (PTIC) in cooperation with the Manila Economic Cooperation Office (MECO) in Taipei, has identified Northern Mindanao as one of two areas that will serve as the focus of DTI's investment promotion efforts in Taiwan this year. We are undertaking preparations to implement the Northern Mindanao Investment Promotions Mission to Kaohsiung, Taichung and Taipei. This mission will be headed by our Undersecretary for the Regional Operations Group Merly M. Cruz."

Taiwan is considered as a significant market for Philippine food products with exports amounting to US$70.6 M in 2006 and ranked fourth among the major markets of food products. Its imports in the same year reached US$12.9 M in value representing 31% share. Hence, Philippine food export to Taiwan is very significant compared to its world imports.

Director Euseña said, "in order to sustain these positive export performances, it is imperative to undertake and focus on a promotional program which would include business matching activities and an Investment seminar where we could present the Northern Mindanao opportunities in services and logistics, light manufacturing, food processing and aqua-agriculture business."

The investment seminar will be held in Taichung and it will be attended by Taiwanese businessmen and potential investors.

PHIVIDEC Industrial Authority Administrator Ninfa Along-Albania and the Philippine Chamber of Commerce and Industry Regional Governor Elvira Tan are among the presenters during the forum.

The 23 delegates will also visit the District Agricultural Research and Extension Council, Taiwan Sugar Corporation Ostrich Farm in Kaohsiung and the International Food Show in Taipei. (DTI-10) [top]

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