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Philippines Targets $ 31 Million Export Sales From China Fair
MANILA, Philippines – The Philippines aims to generate more than $ 31 million in export sales from the world’s largest trade fair held in China, the Department of Commerce and Industry (DTI) said.
In a statement, the export promotions division of the DTI, Centro de Exposiciones y Misiones Comerciales Internacionales (CITEM), said that the delegation aims to attract 1,300 buyers and generate export sales from participation in the International Exhibition of China Imports (CIIE) in Shanghai until November 10. .
CIIE’s Philippine delegation consists of 40 companies and features tropical fruits and vegetables, processed fruits and nuts, healthy snacks, seafood and seafood, and other premium food selections.
The delegation companies are Hilas Marketing Corp., AgriNurture Inc., Mancoco Food Processing Inc., Excellent Quality Goods Supply Co., Castillo Import Export Ventures Inc., Doxo International Trading, Magsasakang Progresibo Marketing Cooperative, See’s International Food Manufacturing Corp. , Century Pacific Agricultural Ventures Inc., Team Asia Corp., Eau de Coco Inc., Eng Seng Food Products, Greenlife Coconut Products Philippines Inc., Tongsan Industrial Development Corp., Islandfun Inc., Limketkai Manufacturing Corp., KLT Fruits Inc. , Zigmund Enterprise, Business Innovations Gateway Inc., Sangkutsa Food Products Inc., AG Grays Farm, Marigold Manufacturing Corp., Federation of Village Sustainable Development Cooperatives, Magic Melt Foods Inc., Sandria’s Delicious Concept, Vegetari Vegetarian Products, Market Reach International Resources, SL Agritech Corp., Century Pacific Food Inc., Universal Canning Inc., Fisher Farms Inc., Jam Seafoods Inc., Phil-Union Frozen Foods In c., G erabuenas Trading, Global Basic Co. Ltd., Subic Superfood Inc., Chocoloco Inc., Philippines de Oro de Cacao Inc. and Seabeth Food Processing.
“For this hybrid participation, there will be a combination of physical product presentation in the pavilion that will be facilitated by officials on the site of our trading posts in China and online B2B (business-to-business) matchmaking activities between our companies in Manila and the Chinese buyers who will visit our booth in Shanghai, ”said CITEM Executive Director Pauline Suaco-Juan.
Last year, the Philippines generated $ 300 million in sales from its participation in the CIIE.
Commerce Secretary Ramón López said this year’s target may not be comparable to last year’s actual sales given the pandemic and differences in the format of the fair.
He said that this year’s CIIE is a hybrid fair where the products are showcased, but the negotiations are conducted through the online B2B facility.
“The target is also based on the reduced size of the pavilion this year, as well as the projected decrease in the number of buyers attending the CIIE this year,” he said.
Before the opening of the CIIE, the Philippine delegation held an initial online meeting with 40 Chinese buyers in a business matchmaking session on October 29.
At the B2B session, CITEM said Chinese buyers expressed interest in working with Philippine companies that produce fresh fruits and vegetables, chocolates, healthy snacks, seafood, beverages and condiments.
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