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04 April 2008 - The Bulacan
Chamber of Commerce and Industry (BCCI) and the China Council for the
Promotion of International Trade Zhejiang Sub-Council & China Chamber of
International Commerce Zhejiang Chamber of Commerce (CCPIT Zhejiang-Sub
Council and CCIC ZCC) signed a Cooperation Agreement on 28 March in Hangzhou
City, Zhejiang Province, China.
BCCI President Teofilo Rivera,
Jr. and CCPIT Zhejiang Sub-Council Vice Chairman Tie Jianshe signed the
agreement with Philippine Consul General to Shanghai Maria Rowena Mendoza
Sanchez and other members of the two chambers as witnesses.
The Cooperation Agreement aims
to encourage the development of Zhejiang and Bulacan trade relations through
the exchanges of trade and investment delegations, study groups, and the
promotion of opportunities for trade and investment to members of the
chambers.
This event was one of the
highlights of the Philippine Trade, Investment and Tourism Forum organized
by the Philippine Consulate General in Shanghai and the China Council for
the Promotion of International Trade Zhejiang Sub-Council held on the same
day. The forum is part of the Consulate’s on-going efforts to promote the
Philippines as a viable travel, business and investment destination for
Chinese businessmen.
Zhejiang is the
sister-province of Bulacan. The province is home to about 50,000,000 people
and boasts of a Gross Domestic Product of US$221.73 billion in 2007. People
living in Zhejiang have a per capita GDP of over US$5,000. Six cities of
Zhejiang – Hangzhou, Ningbo, Jiaxing, Huzhou, Shaoxing and Zhoushan are part
of the Yangtze River Delta metropolitan region, the new economic growth hub
which includes Shanghai. Among the top 500 multinational companies with
regional headquarters in China, 202 can be found in Zhejiang. Private
companies are also the primary force in pushing Zhejiang’s “Going Global”
strategy.
Consul General Sanchez said
that the “Going Global” strategy of the Chinese government towards its
Chinese companies and the varied business opportunities present in the
Philippines are clear opportunities that both Chinese and Philippine
businessmen should not pass up. Zhejiang, she says, is an economic
powerhouse with businessmen from the province as one of the main sources of
investment or capital for Shanghai. Consul General Sanchez added that the
province can be a major source of tourists to the Philippines as well as
business partners. END |
