The Cebu Chamber of Commerce and Industry (CCCI) is reiterating its call for industry stakeholders to beef up the country’s agricultural sector as popular products like fruits and other raw materials proved to be in demand in China.
Following his successful trip to Shanghai, China for the first China International Import Expo, CCCI president Antonio Chiu said agriculture was a winner during there. He identified mangoes, bananas and coconuts as the top commodities popular among the Chinese buyers.
According to Chiu, almost 200,000 representatives from buying companies visited the expo. He said the CIIE was China’s way of trying to balance the trade and added that China’s government is opening up its country to buy goods from all over the world.
Sunstar.com.ph quoted Chiu as saying how delegates zeroed in on fruits and raw materials that were popular and affirmed that there is an urgent need for the country to address the concerns of the agricultural sector, should it want to take part in the thriving business climate in China.
“The Philippines is not really competitive when it comes to our fruits, our raw materials. This is what we really need to address. You cannot ignore China as a market because it’s very huge and the nice thing is that they are opening and encouraging countries like the Philippines to sell to China. It’s their way of actually helping us also,” Chiu said.
The Department of Trade and Industry reported a total of US$124 million worth of sales generated by Philippine companies during the CIIE held on Nov. 5 to 10, 2018.
Total sales generated include US$108 million of signed orders for various agricultural products such as bananas, avocados, and oranges. It also includes US$16 million of direct sales from exhibitors.