In drumming up trade, PCCI looks beyond SE Asia
MANILA, Philippines—The Philippine Chamber of Commerce and Industry (PCCI) is hoping to sign more agreements with its counterparts in other countries beyond Southeast Asia to further drum up trade.
PCCI president Miguel B. Varela explained that the signing of these memoranda of understanding (MOUs) would enable the group to organize business councils and expand trade and business opportunities for Philippine companies.
At the same time, the move is seen to complement the efforts of the Department of Trade and Industry to open up new markets for local businesses.
The MOUs will also allow PCCI to undertake “focused promotion” of various local industries, and possibly pave the way for the forging of partnerships or joint ventures, Varela explained.
PCCI is the largest umbrella organization of businesses in the country.
According to Varela, it has already signed agreements with roughly 40 countries, while a few new ones, such as an agreement with Kazakhstan, are now being worked out.
PCCI also hopes to sign agreements with more countries in Latin America, he further said.
Recently, PCCI signed an MOU with the Thailand Convention and Exhibition Bureau (TCEB), which was expected to pave the way for the exchange of information, support and business trade missions between the two countries.
In particular, PCCI hopes to establish long-term strategic partnerships in the growing Meetings, Incentives, Conferences and Exhibitions (MICE) industry in the region.
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94