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SRCIC Member Reports: The SRCIC Philippines chapter hosted Sino-Philippines Business & Trade Conference and Contracts Signing Ceremony -- $1.739bn worth of dozens contracts
22 Mar 2017

 

At the Opening Ceremony (the upper picture), from the left, Chinese Ambassador Zhao Jianhua, Ambassador Francis Chua, Commercial Counselor Liu Changyu, Secretary of Department of Trade and Industry Ramon M. Lopez. (the lower picture) The Undersecretary of Philippines Department of Trade and Industry, Rowel S. Barba, with the colleagues at the SRCIC Philippines chapter.

 

 

On March 15, 2017, the Sino-Philippines Business & Trade Conference and Contracts Signing Ceremony kicked off at Dusit Thani Makati. Chinese Ambassador to the Philippines, Zhao Jianhua, Secretary of Department of Trade and Industry Ramon M. Lopez, Chairman-Emeritus of Philippine Chamber of Commerce and Industry, Founding Chair of the SRCIC Philippines, Ambassador Francis Chua, and the Commercial Counselor with Chinese Ministry of Commerce Liu Changyu, addressed the Contracts Signing Ceremony.

 

The Conference was co-sponsored by Chinese Department of Commerce and Philippine Department of Trade and Industry, and co-hosted by Foreign Trade Department Bureau of Chinese Ministry of Commerce, Philippine Chamber of Commerce and Industry, and the SRCIC Philippine chapter. The Conference saw dozens contracts signed whose total value amounted to over US$1.7 billion.

 

Ambassador Francis Chua said in the speech, “today saw another milestone in the Sino-Philippine Strategic Cooperation. A Chinese delegation of 26 SOEs led by Deputy Minister of Commerce, Liu Changyu, signed a purchase contract worth of US$1.4 billion with the Philippines. As we thank your for your support to Philippine products, we hope China, via Ambassador Zhao Jianhua and Counselor Jin Yuan, would help the Philippines add more values to these products. We are grateful that last week at Manila, Minister of Commerce Zhong Shan announced that China will invest a industrial park in the Philippines and move the well established manufacturing sector to the Philippines. China will share it professional knowledge, manufacturing techniques and skills with the Philippines which will elevate the basic value of our products. We are grateful to this offer. Thank you for the friendship and partnership you have established between the two peoples.”

 

Ramon M. Lopez, the Secretary of Department of Trade and Industry, stated that the Conference was a reflection of the friendship between China and the Philippines. Businesses from both countries would join hands to promote friendly exchange between the two countries.

 

Ambassador Zhao Jianhua said, since President Duterte took office, we had seen consistent growth in trade between China and the Philippines, especially a huge leap in tourism. We expected the number of Chinese tourists to the Philippines would hit a record high over one million. China will sign more purchase contract with the Philippines and help its fishing and agriculture industries.