News - 14082020_ONWS_PH-CHINA-2

The DTI, through the Philippine Trade and Investment Center (PTICs) Guangzhou, Shanghai, Beijing, and Hong Kong, and the Board of Investments (BOI) are pleased to announce the launch of the official Philippine microsite for the China International Fair for Investment and Trade (CIFIT) 2020 on 17 August 2020.

The microsite will feature information on Philippines-China business relations, priority sectors, investment and trade projects, available locations and cost of doing business, foreign investment policies, and a list of Philippine exhibitors and sponsors.

The launch of the microsite is part of the Philippines’ preparations as Guest Country of Honor in the 24th edition of CIFIT. CIFIT is currently China’s only international investment promotion event aimed at facilitating bilateral investment. With the themes “Introducing FDI” and “Going Global”, CIFIT focuses on nationality and internationality, investment negotiation and investment policy promotion, coordinated development of national and regional economy, as well as economic and trade exchanges across the Taiwan Strait.

As the 2020 Guest Country of Honor, the Philippine delegation will be invited to address the audience as keynote speaker in the International Investment Forum and be given the Honor National Pavilion.

Since its inception in 1997, only the Philippines has been given the prestige of being “Country of Honor” for two consecutive years. The Philippines will be Guest Country of Honor in 2020, the first country to have this distinction in the 24-year history of CIFIT.

The Philippine participation in CIFIT is led by PTIC Guangzhou and the BOI.♦

Date of Release: 14 August 2020