SEEING the huge market opportunity at the recently concluded China-Asean Expo (Caexpo), the Cebu Chamber of Commerce and Industry (CCCI) is going to collaborate with the Department of Trade and Industry (DTI) and the Department of Tourism (DOT) for Cebu to be given the chance to exhibit at next year’s Caexpo.
“The market in China and the Asean is huge, with potentials beyond our imagination. If we are able to showcase our products and services at the Caexpo next year and every year after that, we will be opening new and bigger markets,” said CCCI president Melanie Ng.
Ng led the 34-strong delegation of CCCI at the 14th Caexpo and 14th China-Asean Business and Investment Summit in Nanning, Guangxi, China on Sept 12 to 15.
According to Ng, this is one of the largest trade missions that the chamber has mounted. It was facilitated by CCCI trade mission chair Felix Taguiam and Tony Tan, economic consultant of Guangxi City based in Cebu.
“It was very successful and fruitful. We saw a lot of potential in the Asean market,” she said. “This is the first time that CCCI had organized a trade delegation to attend Caexpo,” she added.
CCCI had met the officials of the Nanning Federation of Industry and Commerce and Nanning General Chamber of Commerce. They also had the opportunity to meet the Guangxi Asean Economic and Trade Promotion Association Electronic Commerce Industry Federation as well as the chairperson of the Asean International Chamber of Commerce.
“We had exploratory talks and meetings with them. We’ve also invited them to come to Cebu as well,” said Ng.
The initial exploratory talks zeroed-in on the areas of construction materials, solid waste and renewable energy, real estate, and manufacturing.
“The Caexpo visit opened our eyes to the opportunities in Asean. Caexpo highlights Asean markets, it provides a venue for Asean products to be showcased and also be promoted in China,” said the CCCI official.
DTI Undersecretary for Trade and Investments Promotion Group Nora Terrado led the over 100 delegates from the Philippines at the Caexpo.
“This is an opportune time for the Philippines to fully present its potential as an investment destination to the Chinese market. It is also a chance for Philippine exporters to meet with potential partners and buyers of their products and services and see how they can maximize the booming trend in China,” said Terrado in a statement.
The country’s contingent in China highlighted the Philippines’ trade potential through an exhibit of products and commodities from various sectors, including home, fashion and wearables, gifts, handicraft, personal care, and food.
China accounts 10.9 percent of the country’s total exports in July this year. It ranked 4th with shipment valued at $573.46 million, up by 7.9 percent from $531.49 million in the same month last year.
The Caexpo is co-sponsored by Ministries or Department of Commerce or industry and trade of China and the 10 Asean member states and was organized by the People’s Government of Guangxi Zhuang Autonomous Region.
It is considered as the second biggest trade event in China, with a total exhibition space of about 122,000 sqm. This year’s Caexpo had 4,600 exhibition booths with around 57,000 visitors.
The theme of the 14th Caexpo is “Jointly Build the 21st Century Maritime Silk Road, Promote Regional Economic Integration through Tourism.” It highlights the vast potential of the tourism industry between Asean and China.
Through this international trade fair, China eyes to connect and boost its investments in Asean countries and provide infrastructure networks particularly for micro, small, and medium enterprises (MSMEs) to participate in the global value chain.