Beng: Trade opportunities on works for Zambo City biz PDF Print E-mail
Tuesday, 29 September 2015 13:27

by Jasmine Mohammadssali

 

Several Chinese companies have expressed an interest to invest in Zamboanga City following the City’s participation in the recently concluded 12th China – ASEAN Expo (CAEXPO) in Nanning, China last week.

In her brief to the press Monday morning, September 28, City Mayor Beng Climaco reported the series of networking and the business meeting and matching initiatives held during the week-long CAEXPO has resulted not only in global recognition of the City’s trade and investment climate but also in investment opportunities for local trade and businesses.

“By participating, we gained global recognition as an important city, ready to offer investment opportunities and strengthen cooperation in building a closer ASEAN Community,” said Climaco.

“By sending a delegation to CAExpo, we did not only reach China, the host country, but we have established ties with Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand, and Vietnam, all in one venue.  This initiative will bring Zamboanga City, China and the ASEAN to a new stage of mutual trust, reciprocal cooperation and common development,” she added.

Climaco said the City participated in different business meetings with Chinese cities of Zhoushan, a coastal city with a similar agri-marine economy like Zamboanga City, Hangzhou, Nanning, and Guigang to establish “economic linkages between our City and theirs”.

As a result of these meetings and business matching efforts, four companies in Nanning have expressed their intent to partner with local businesses and industries, disclosed Climaco. These include: the Tangshan Carbon Manufacturing Company for activated carbon using coconut shell, Xinjiang Rising Sun Tomato Co. Ltd., for the establishment of a tomato paste manufacturing plant, Ningbo Tongqianqiao Food Development Co. Ltd., for the establishment of a supply network, and Tianjin International for the invitation of participants to the Tianjin ASEAN Economic and Trade Cooperation.

Climaco said from these engagements, the local government expects the transfer of technologies and best practices, and the establishment of joint ventures in numerous initiatives such as agriculture, textiles, manufacturing, logistics, and food processing, between Zamboanga City and the aforementioned Chinese cities.

The local chief executive underscored the need to establish and pursue trade and industry partnerships between Zamboanga City and China, inasmuch as the latter is a global economic powerhouse. With a population of 1.4 billion, China is equivalent to 19.24% of the total world population.

“Whether we like it or not, China is our third largest trading partner next to the U.S. and Japan. We have to be realistic,” stressed Climaco.

The next step, she said, is to call for an inbound mission from China to Zamboanga City which the local chief executive foresees will boost local tourism, establish demand and supply markets, and result in tangible economic benefits.

Climaco led the 80-strong Zamboanga City delegation to the 12th CAEXPO held from September 15-22 in Nanning, China.    Participating as the Philippines’ City of Charm, the Zamboanga City delegation spearheaded promotion advocacies intended to sell Zamboanga in the series of events attended by state leaders of ASEAN countries, ministers of economy and trade, ambassadors and consul-generals.

The Zamboanga City delegation was composed of members of the local business community who showcased local products and capabilities.  —Jasmine Mohammadsali