PH gears for participation in CIIE
In photo (from L-R): Philippine Commercial Counsellor to Beijing Mr. Glenn Peñaranda, EMB Director Senen Perlada, DTI Undersecretary Nora K. Terrado, Secretary Ramon Lopez, Chinese Ambassador Zhao Jianhua, Ministry of Commerce Deputy Director General Liu Jun, and Chinese Embassy Economic and Commercial Counsellor Jin Yuan during the high-level meeting on the sidelines of the CIIE information roadshow in Manila.
The Department of Trade and Industry (DTI) is working closely with the private sector in preparation for the country’s participation at the 1st China International Import Expo (CIIE) to be held in Shanghai, China on 5-10 November 2018.
On 15 March 2018, DTI jointly organized with Embassy of People’s Republic of China in the Philippines an information session about the first China International Import Expo (CIIE). The event was fully supported by the Philippine Chamber of Commerce and Industry (PCCI) and Bank of China (BoC). The event served as an avenue to encourage more Philippine companies to join the said exposition in November.
Trade and Industry Secretary Ramon Lopez further emphasized the blooming relations between China and the Philippines reflected in China’s strong support by opening up its market to Philippine companies.
“The expo is the only trade show in China to date that will feature foreign exhibitors. No Chinese companies on the exhibit floor. But there will be Chinese buyers present, as well as buyers from all over the world at the event,” explained Secretary Lopez.
“I ask Filipino businesses to participate and take this opportunity to showcase the trade capabilities of the Philippines,” urged Secretary Lopez.
Philippine Chamber of Commerce and Industry (PCCI) Chairman Emeritus Dr. Francis Chua, who served as the moderator for the first part of the information session urged Philippine companies to join PCCI and DTI in showcasing Philippine goods and services at the CIIE. “Sign up because fortune is awaiting for you in Shanghai,” urged Chua.
Meanwhile, Chinese Ambassador to the Philippines Zhao Jianhua shared the growing economy of China over the years and the wide-range of opportunities that the Philippine companies can take advantage of as trade relations between the two countries warm up.
“We need more products from the Philippines,” said Ambassador Zhao Jianhua. He further mentioned, “I am confident that sooner or later, China will be the number one importer of Philippine products.”
In 2017, China was the fourth largest importer of Philippine products behind Japan, US and Hong Kong. Over the last five years, total trade between China and the Philippines grew 12.08%. Total exported goods to China in the last five years (CAGR) reflected a decline by 0.12% while imported goods from China grew to 20.17%.
“Imagine the magnitude of CIIE, to be participated in by over 100 countries around the world, that is something that Philippine companies can take advantage,” said DTI Trade and Investments Promotion Group Undersecretary Nora K. Terrado.
Undersecretary Terrado added that the DTI will apply “whole country” approach and smarter strategies to maximize the country’s participation at the said expo.
“We will work closely with the private sector in ensuring that we attract Chinese and foreign investors in building value together as we urge them to partner with the Philippines,” Terrado added.

Announced by People’s Republic of China President Xi Jinping during the Belt and Road Forum, the CIIE is a major international event that opens the Chinese market to the world. China is expecting to import goods and services worth more than $10 trillion in the coming years. CIIE aims to provide enterprises across the world to enter this huge Chinese market. It will focus mainly on importation of goods and services to China.
There will be two main sections: trade in good and trade in services. The section of trade in goods includes six exhibitions areas: High-end Intelligent Equipment; Consumer Electronics and Appliances; Automobile; Apparel, Accessories and Consumer Goods; Food and Agricultural Products; and Medical Equipment and Medical Care Products. Meanwhile, trade in services section comprises Tourism Services, Emerging Technologies, Culture and Education, Creative Design and Service Outsourcing.
For companies interested in joining the CIIE, you may contact Ms. Rowena Mendoza through the e-mail address This email address is being protected from spambots. You need JavaScript enabled to view it., or Eva Marie Mariquina at This email address is being protected from spambots. You need JavaScript enabled to view it. on or before April 6.♦
Date of release: 19 March 2018

The Wenzhou Chamber of Commerce of Fengxian, a non-profit community organization initiated by Wenzhou entrepreneurs in Fengxian District, Shanghai, China, was recently in the country to get an overview of the Philippine investment environment and discuss possible business partnership opportunities with local companies.

Executives and representatives of business enterprises engaged in wire and cable, transformer, power transmission and distribution, intelligence equipments, textile, finance, real estate and other fields in the manufacturing industry comprised the business delegation to the Philippines.

The delegation is particularly looking into business opportunities in the energy sector to meet the expansion demand of its member enterprises. They are also considering investing and setting up factories in Asia with emphasis on the Philippines given its geographical advantages, lower labor cost, encouraging developments, as well as renewed bilateral relations with China.

Officials of the Philippine Board of Investments (BOI) led by Trade Undersecretary for Industry Development and BOI Managing Head Ceferino Rodolfo briefed the business delegation on Philippine investment opportunities recently (June 25, 2017), emphasizing that the country remains an investment destination of choice being the fastest major growing economy in Asia with the highest 2016 gross domestic product (GDP) of 6.8 percent.

Shanghai-based business group visits PH
Trade Undersecretary for Industry Development and BOI Managing Head Ceferino S. Rodolfo (seated, middle) and BOI Director for International Investments Promotion Service Angelica M. Cayas (seated, second from left) with the business delegation from the Wenzhou Chamber of Commerce of Fengxian.

Undersecretary Rodolfo also boasts of the impressive growth of the Philippine manufacturing sector in the first semester of the year, adding that he remains confident this pace will continue and that the country will outperform its Southeast Asian neighbors given the rosy business conditions in the country coupled with sound economic fundamentals and industrial policies and programs.

The Nikkei ASEAN Manufacturing Purchasing Mangers’ Index (PMI) in its latest reading reported a 53.3 PMI reading of the country’s manufacturing sector for May 2017, up from 53.3 in April and the highest for the year, indicating “another strong upturn for the sector”. The Philippines’ PMI is better compared to its neighbor countries namely Myanmar which registered a PMI reading of only 52 in May, Vietnam with 51.6, Indonesia with 50.6, Thailand with 49.7, Malaysia with 48.7, and Singapore with 48.7. A reading above 50 indicates improving business conditions and expansion while a reading below 50 indicates the opposite.

IHS Markit, which compiled data for the index, said there was robust growth in both output and new orders alongside higher employment and buying levels among Philippine manufacturers. “Strong client demand and business optimism also prompted firms to build inventories at a faster rate,” the report indicated.

The BOI is forecasting a robust manufacturing sector with more high-impact, labor intensive, and socially-relevant manufacturing investment projects coming in. “With the swift approval of the 2017 Investments Priorities Plan (IPP) which was designed to spread the benefits of the country’s fast economic growth to the countryside with emphasis on a broader segment of the manufacturing sector, innovation-driven, and job-generating businesses, we see a robust growth of manufacturing investment projects this year,” said Undersecretary Rodolfo.

The manufacturing sector generated a total of PhP49 Billion investments in 2016 or 11 percent of total investments last year. In the first four months of 2017, the sector recorded a 158 percent growth with investment projects amounting to PhP15.425 Billion from only PhP5.96 Billion recorded in the same period last year. Investments in the sector are expected to generate at least 3,038 in new jobs once these business projects are operational.

Manufacturing, alongside trade and services, continue to lead the growth of the country’s GDP which grew 6.4 percent in the first quarter of 2017. Manufacturing dominated the growth industry which grew by 6.1 percent in the first quarter of 2017. Industry, which shared 34.2 percent to the GDP for the quarter, contributed 2.1 percentage points to the 6.4 percent GDP growth. Of the 6.1 percent growth in industry, manufacturing contributed 5.4 percent during the quarter.

China remains as a vital business partner for the country with significant contributions to the country’s economic growth. In 2016, China placed 14th in the list of top foreign investing countries in the Philippines, pouring in Php1.52 Billion worth of investments, data from the Philippine Statistics Authority showed.

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