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DTI bound for China expo in full force

The Department of Trade and Industry will carry out in “full force” its planned trade and investment mission to China, even as Beijing reportedly withdrew its invitation to President Aquino to attend the China-Asean Exposition (CAExpo) next week.

Trade Undersecretary Ponciano C. Manalo Jr. Friday said that they are not scaling down their plans, and instead will give a “good business promotion” of Philippine industries during the 10th CAExpo to be held at the Nanning International Convention and Exhibition Center starting September 3.

“We’re not holding back. [Trade Secretary Gregory L. Domingo] will serve as the envoy, representing the President. It’s a business activity, and we’ll be pushing the Philippines as an investment destination to both Chinese and other foreign investors,” Manalo explained.

Last Thursday, the Philippine Department of Foreign Affairs issued a statement saying that “President Aquino has decided not to proceed [to the expo] … taking into consideration China’s request for the President to visit China at a more conducive time.”

No reason was given for the reported withdrawal of the invitation, but tension between China and other claimants to the sea, particularly the Philippines and Vietnam, have escalated in recent years as China has aggressively asserted its claims to what it considers its territorial waters.

But Manalo remained positive, saying that “the Philippines is the country of honor—an honor [China] gave us for the first time.”

Isabela will be featured prominently, he said, because the province has a lot to offer “in terms of agriculture and tourism.”

As the “country of honor,” the Philippines will have the privilege to host certain events at the second largest trade fair in China, where it can make a better pitch for inbound investments, Manalo said.  Amy R. Remo

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Tags: Business , China , DTI , Investment , Trade

  • Rizal Bayani

    I doubt if they will even be able to exhibit their trade. Are they just too excited to visit China? If even the withdrawal of the President’s invite cannot dissuade you so be it. I still wish you success.

  • ThudOthwacker

    STUPID DTI! China just insult the republic and here you are raring to go. Drop the China trade deal altogether. Who needs them anyway. Their economy will burst any moment. Pay more attention and strengthen trades to major economic nations instead.

    If they can treat a president like that. Expect to be shove off during the event. China have shown in the past that they don’t practice fair trade(Banana).

    • Karabkatab

      These DTI heads have no heads at all. Philippines has no capacity and efficiency to speak of at the moment. These chinks will just dump their none moving inventories to the country that piled up since last year. What will you export to china BTW? Your puto and longganisa? Come on DTI you cannot even strengthen the presence of local products in the local market. Do your homework first.

    • mightya_i

      I agree with you 100000%! DTI people are morons! Don’t you have dignity at all????? After China insulted our President – you are still raring to go!?!?!?!?! It is clear that whenever a nation’s head of state is insulted, definitely, they are also insulting its people – yet they want to go????? One of a kind—– DTI people – they are really something…… extraordinarily STUPID!!!!!

  • Chrisnadal19

    Godspeed.. scare those chinks to death.

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