The Philippines continues to bolster its reputation as a reliable sourcing destination for food as it participated in the 5th China International Import Expo (CIIE) held on November 6, 2022 in Shanghai, China.
CIIE is the first import-themed, national level expo in China that features international exhibitors across various sectors.
Through the Philippine pavilion at the expo, Department of Trade and Industry Secretary Fred Pascual said the country aims to highlight the shared roots of the Philippines and China as a take-off point for a stronger bilateral trade relation.
He noted the Philippines’ participation at the CIIE is also aimed at expanding the access of Filipino products in the international market.
Highlighting the Trade Department’s science, technology and innovation or STI-driven industrialization strategy, Secretary Pascual invited companies, potential partners and stakeholders to invest in the Philippines, particularly in food production and agriculture.
He also sought partners to help complete, complement and upgrade the Philippines’ food production value chain through the utilization of science, technology, innovation and essential digital technologies.
The expo has consistently yielded positive results for the Philippines since its inception in 2018 resulting to USD128 million in sales, and a record-high USD590 million in 2021.
The Philippine Trade and Investment Center offices in Shanghai, Beijing, and Guangzhou continue to be at the forefront of the Philippines’ trade and investment promotional efforts in China.Â
The Philippines’ participation in the CIIE was facilitated by the Department of Trade and Industry’s Center for International Trade Expositions and Missions (CITEM) and the Philippine Trade and Investment Center (PTIC) in Shanghai.