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PIA Press Release

Chinese consul visits Panabo to tap more business

by Erick Etis

Panabo City (11 November) -- Economic and Commercial Consul Cai Yong and Consular Attache Pang Wenwen, both from Ministry of Foreign Affairs, People's Republic of China visited Panabo City to find more business opportunities and to find products that can be exported last November 5.

The Chinese Consular Officials' visit is a follow-up and further promotion of bilateral trade and investment of the recently conducted trade fair mission and attendance to the Canton Fair last October 2009 led by the Panabo City Chamber of Commerce.

The Canton Fair is the largest trade fair in China. Among China's largest trade fairs, it has the largest assortment of products, the largest attendance, and the largest number of business deals made. It has several traditions and functions as a comprehensive event of international importance.

"This is a meaningful event for us where you visited our city and try to explore what possible bilateral arrangement we may have with our businessmen here in Panabo which could also help our two countries," said City Administrator Nemesio Rasgo, Jr., representing City Mayor Jose Silvosa as he welcomes the delegate during the courtesy call at the Panabo City Hall. "Panabo City Government is all-out in supporting our private sectors especially our businessmen to explore possibilities of business relation s with other countries especially with the People's Republic of China."

Engr. Vedastito Galvez of DTI, during the program presented to the visitors the Davao del Norte Profile and Business Opportunities, including Panabo's major products which are bananas and milkfish.

Dr. Francisco dela Peņa a member of the Chamber of Commerce, reported their updates on the trade mission and attendance to the Canton Fair. He also presented the lessons learned during the trip.

DTI Provincial Director Nenita Nazareno presented the proposed areas of cooperation in the bilateral trade and investment agreement between Chinese and Filipino businessmen during their visit to the Canton Fair. Nazareno expressed her gratitude to the Chinese Consulate for their aid in the trade fair visit which allowed her to observe the behavior of the global market. She also had the chance to see in the fair how upbeat the Chinese are in terms of economic recovery.

"In recent years, the barter trade between China and Philippines is rapidly increasing. We hope there will be constant communication between us and DTI and also Panabo City to promote our barter trade," said Economic and Commercial Consul Cai Yong during the program. He added that one of their missions is to do research the resource of the demand of the Chinese product to communicate to Chinese businessmen. "We are glad to be here and we sincerely appreciate for your warmest welcome."

Also present were the Panabo City Chamber of Commerce headed by their president, Engr. Franklin Gentiles. They escorted and assisted the delegates during their visit.

After the program, they visited the Panabo Mariculture Park, Luzviminda Ricemill and ACES Polytechnic College where they assessed what products or technology parties from both countries may trade. (CIO-Panabo City) [top]

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