Monday, April 3, 2017

Philippine strengthens trade and investment promotion efforts in Mexico

Philippine strengthens trade and investment promotion efforts in Mexico

Mexico City – The Department of Trade and Industry´s (DTI) Philippine Trade and Investment Center (PTIC) in Mexico, with support from the Philippine Embassy in Mexico, together with COMCE, the Mexican Business Council of Foreign Trade, Investment, and Technology recently discussed Philippine business opportunities in an organized roundtable on Philippine Business Opportunities in Mexico.

Participated in by over 30 Mexican businessmen from the logistics, autoparts manufacturing, business development, and agro-food products sectors, the event highlighted opportunities for trade and investments between the Philippines and Mexico.

Ambassador Eduardo Jose A. De Vega graced the event by highlighting the history of Mexico-Philippine trade relations and the importance of the current activities of the Philippine government to reactivate them.

Meanwhile, the Embassy´s Commercial Counselor and head of PTIC Mexico, DTI´s Vichael Angelo D. Roaring, presented current bilateral trade relation between the two countries and the opportunities, advantages, incentives and the optimum environment that the Philippines has developed to become a competitive destination for foreign investments and a source of exports of quality products.

"The Philippines continues to be a strategic business location in the Asia-Pacific region, being not only a 100 million market but as a gateway for over 500 million market of the ASEAN," highlighted Roaring. 

Juan Pablo Garcia, Director of Corporate Affairs of CEMEX, gave a testimonial and a case study of CEMEX´s experience of setting up and doing business in the Philippines.  With CEMEX' presence in more than 50 countries, Garcia cited the Philippines as one of its best places for doing business for its manpower and enabling business environment.  Garcia also pointed out CEMEX´s plans to venture in the low-cost housing sector in the Philippines, a preferred business sector of the DTI's Board of Investments 2017 Investment Priorities Plan (IPP). 

Jorge Barbosa of ProMexico, a trade promotion agency of Mexico, presented opportunities that Mexico offers to the Philippines in terms of investment, as well as the potential of the Philippine market for Mexican companies in the fields of processed food, beverages, frozen fruits and vegetables, auto parts, home appliances and creative industries, and the potential for investments in ports, infrastructure, auto parts, call centers and entertainment industries.

Also present to discuss the strengthening relations between the Philippines and Mexico are Ambassador Enrique Michel Santibáñez, former Ambassador of Mexico in the Philippines, and current COMCE president for the ASEAN; and Alberto Varelo of AMEXCID, a Mexican government agency for International Development Cooperation. On the other hand, Philippine Embassy Vice Consul Mikhail de Dios discussed cultural ties of the two countries.

The event served as an avenue for networking between Mexican businessmen and Philippine officials. PTIC Mexico held one-on-one consultations with the participants to work on their specific business interests with the Philippines.

World’s largest Halal event to showcase Philippine products

World's largest Halal event to showcase Philippine products
The Philippines, through the Department of Trade and Industry's Export Marketing Bureau (EMB) and Philippine Trade and Investment Center (PTIC) – Kuala Lumpur, is set to take part at the Malaysia International Halal Showcase (MIHAS) 2017 on 5-8 April in Kuala Lumpur, Malaysia.
After years of absence at MIHAS, the Philippines is back with 30 Philippine companies that will showcase Halal-certified products at the Philippine Pavilion. Joining the business delegation are companies from the food (27) and non-food (3) sectors.
Products to be showcased will vary from food and beverage, processed meats and snacks, to cosmetics and personal care. With its Philippine Export Industry development program, Philippines' participation at the said trade show is the biggest to date. 
"The Philippines takes this opportunity to introduce itself as a major supplier of Halal compliant products to the world.  We are here to take part in the global Halal initiative and to bring about innovative products that will complement the global Halal ecosystem. The Philippines brings together the strong collaboration of Halal stakeholders in the Philippines with the deliberate approach under the recently passed Philippine Halal Export Promotion and Development Law (Republic Act 10817),"  said DTI EMB Director Senen M. Perlada.
DTI-EMB confirmed the participation of San Miguel Purefoods Company, Inc., Mega Global, Century Pacific Food Inc., and Palmstore, among others.
The PTIC – Kuala Lumpur has also expressed confidence in the success of the Philippine's participation, especially with the keen interest shown by businessmen in Malaysia to visit the Philippine Pavilion and meet the companies.
"We have gained recognition in the industry with businesses and business organizations, culinary schools, hotels, food manufacturers, and wholesalers alike, expressing excitement to  see what the Philippines can offer in terms of Halal," said PTIC Kuala Lumpur Commercial Attache Katrina Banzon.
Philippine Halal products to Malaysia is estimated to be around USD 86.7 Million in 2016, with a five year compound annual growth rate (CAGR) of 26.80%.
MIHAS is considered the world's largest Halal event. It offers networking and business proposition for Halal exhibitors and buyers. According to its records, it welcomed over 22,000 trade visitors from more than 70 countries and generated record sales beyond RM1 Billion for 600 exhibitors.
MIHAS is hosted by Ministry International Trade and Industry, organized by Malaysia External Trade Development Corporation (MATRADE) in association with Halal Industry Development Corporation (HDC) and Department of Islamic Development Malaysia (JAKIM).
Philippines' DTI EMB and PTIC-Kuala Lumpur invite everyone to visit the Philippine Pavilion at MIHAS 2017.
Other participating agencies include the Department of Agriculture, Mindanao Development Authority, Zamboanga City Special Economic Zone Authority & Freeport and DTI Regions 5 and 9.