NEWS

PHILIPPINE CONSULATE GENERAL in shanghai

holds philippine trade, investment and tourism forum

in hangzhou City, zhejiang province

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Seated: Consul General Maria Rowena Sanchez(3^rd-L), CCPIT Zhejiang Sub-Council Vice Chairman Tie Jianshe(3^rd-R) and Teofilo Rivera, Jr. (2^nd-L), Chairman, Bulacan Chamber of Commerce and Industry  together with Zhejiang Businessmen and Bulacan Board Members Hon. Ramon Posadas (2^nd-R) and Hon. Glenn Santos (1^st L), and members of the Bulacan Chamber of Commerce and Industry and the CCPIT Zhejiang Sub- Council

04 April 2008 - Headed by CCPIT Zhejiang Sub-Council Vice Chairman Tie Jianshe, thirty-two (32) Chinese companies based in Zhejiang attended the Forum. The forum also brought together Filipino companies based in Shanghai such as Liwayway (China) Co. Ltd., Figaro Coffee Company, Dai-ichi Electronics. Co. Ltd. and representatives of the Bulacan Provincial Government headed by Provincial Board Members Ramon Posadas and Glenn Santos and the Bulacan Chamber of Commerce and Industry headed by its president, Teofilo Rivera, Jr.

In her presentation to the Chinese businessmen, Consul General Maria Rowena Mendoza Sanchez said that the “Go Global” policy 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.

Chinese businessmen attending the forum indicated their interest in investing in industrial parks, garment manufacturing, trading, and resort development in the Philippines, said Consul General Sanchez.

Bulacan Province Board Members Posadas and Santos made a presentation on the business opportunities in Bulacan while Figaro Coffee Company CEO, Pacita Juan spoke of the "Prospects of the Specialty Coffee in China" in her presentation. Here, she illustrates the entry of Figaro into the Chinese market through its Shanghai shops and expresses hopes of expanding the brand into other key cities in China.

The highlight of the forum was the signing of the Cooperation Agreement between the Bulacan Chamber of Commerce and Industry and the China Council for the Promotion of International Trade Zhejiang Sub-Council & China Chamber of International Commerce Zhejiang Chamber of Commerce.  The Cooperation Agreement will promote 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 forum was a result of the February visit made by Consul General Sanchez to Zhejiang where she was able to secure the full support of provincial official and business leaders to the development of Philippines-Zhejiang relations, particularly in travel, trade and investments.END