CCCI to strengthen ties with foreign chambers

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Thursday, January 23, 2014


ON top of holding trade missions abroad, the Cebu Chamber of Commerce and Industry (CCCI) will strengthen linkages with foreign chambers based in the country to encourage more investments.

Outgoing CCCI president Lito Maderazo said the chamber is planning to increase the flow of information to the different chambers based here.

“We intend to provide more information on how to invest in Cebu,” said Maderazo.

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He said the rebuilding initiatives in typhoon stricken areas is a good avenue for Cebu to showcase the invest opportunities in the province.

Last December, Norwegian ambassador Knut Solem showed the Cebu Chamber officials what opportunities his country can offer to Cebu businessmen. The country is into energy, mining and maritime industries.

Maderazo said Norway has already poured in $240 billion worth of investments in the Philippines. Among its investments in Cebu are the British Armour and Timex. Norway is also attracted in the business process outsourcing industry in the Philippines.

Given its solid presence in Cebu, Maderazo said the chamber is committed to exchange information with the Norwegian Embassy to develop more investments here.

He said he is interested in knowing about the fishing technique of Norway, which can be taught to fishing communities in Northern Cebu, who were victims of typhoon Yolanda.

Norway is one of the largest seafood exporter in the world.

“They are willing to provide technical assistance to our fishermen like building stronger and more typhoon-resilient fishing boats. These are the kind of partnerships that we would like to foster,” Maderazo said.

Aside from making information readily available to foreign chambers, Maderazo also said that CCCI is planning to organize a chamber in Bantayan to encourage more investments in the countryside.

He said forming an organization will help the town promote Bantayan not only as a tourist but also as business destination. Agriculture and tourism are the major industries in Northern Cebu.

“More than relief donations we’d also encourage partner organizations to teach the community ‘how to fish’” he said. “The objective here is to create enterprises so we can create wealth in these areas,” he said.

Published in the Sun.Star Cebu newspaper on January 24, 2014.

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