[Explanation] The 21st China International Fair for Investment and Trade kicked off on September 8 in Xiamen, Fujian.
As the guest country of the CIFIT, the Philippines organized a delegation to participate in the CIFIT through the online and offline integration model.
[Explanation] The reporter saw that in the main exhibition hall of Xiamen International Convention and Exhibition Center, the Philippines set up a nearly 400-square-meter national pavilion and slogan "Achieve your dreams in the Philippines!"
The museum showcases the investment environment, investment promotion policies, key projects and high-quality products of the Philippines, providing investors with one-stop investment and trade services.
[Concurrent] Philippine exhibitor Cai Youming
I think it’s a good platform for the Philippines to be the guest of honor to showcase some of the Philippines’ products including advantages, because after all, China’s market is very large. If you find the right partner, you can grow bigger together. Make this market bigger.
[Explanation] According to reports, until 2020, China will remain one of the Philippines' largest trading partners and sources of investment.
China is currently the most important economic partner of the Philippines. As of 2020, China ranks first among the Philippines' 224 trading partners, with a total bilateral trade volume of approximately RMB 271 billion.
In terms of investment, China's investment amount ranks second in the Philippines, with about 2.048 billion yuan.
The main areas of investment are manufacturing, real estate development, transportation and construction.
[Concurrent] Reas, Tourism Consul of the Philippine Consulate General in Shanghai
This is my first time to participate in the China International Investment and Trade Fair, but our department has participated in it in the past few years.
According to some information I have received, I think this exhibition will bring a lot of potential to Xiamen and even Fujian.
Fujian Province is a Chinese province very close to the Philippines. Many children in Manila know Fujian.
Many Chinese communities in the Philippines have developed from Fujian. We have a close relationship between the two places. We hope that by strengthening the construction of this platform, we can gain more two-way investment opportunities.
[Concurrent] Anna, Agricultural Counselor, Embassy of the Philippines in China
In the past five years, agricultural trade between China and the Philippines has developed steadily.
Our exports to China, especially fresh fruits, have grown substantially. In the past year, we have encountered some difficulties due to the epidemic, but we are confident in the prospects of exporting to China. On the other hand, from China to the Philippines. Imports of agricultural products also increased.
In general, the agricultural trade between China and the Philippines has continued to improve in the past five years.
[Explanation] The reporter learned that during the current CIFIT, the Philippines will also hold a series of activities such as the Philippine Investment Forum and the Philippine Construction Industry Special Session. Institutions invest in the Philippines.
Reporting from Xiamen, Fujian by reporter Wu Shengwei
Editor in charge: 【Luo Pan】