PH exceeds sales target in China’s first import expo | Inquirer Business

PH exceeds sales target in China’s first import expo

/ 06:11 PM November 12, 2018

China International Import Expo venue

The National Exhibition and Convention Center in Shanghai, venue of the first China International Import Expo (CIIE), which took place from Nov. 5 to 10, 2018. (Photo from the CIIE Facebook page)

Philippine companies sold $124 million worth of sales in China’s first import expo, hitting twice the target earlier set by the Department of Trade and Industry (DTI).

In a statement issued on Monday, DTI noted that it had exceeded its $50 million target sales at the first China International Import Expo (CIIE) held in Shanghai.

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The expo only features foreign exhibitors, giving thousands of foreign companies a chance to sell to Chinese buyers.

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The total Philippine sales include $108 million of signed orders for various agricultural products such as bananas, avocados, and oranges. It also included $16 million of direct sales from exhibitors.

“This is a big win for Filipino companies — especially those in the agriculture industry — as we push for greater promotion of our fresh fruits category in China’s huge market,” said DTI Secretary Ramon Lopez.

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“The figures exceeded our target sales for this participation, which was $50 million. But Philippine products, known to be of quality to foreign buyers, received overwhelming approval at CIIE,” the trade chief added.

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This is despite sending fewer exhibitors than earlier expected since the event was allegedly overbooked. The country previously planned to send over a hundred exhibitors.

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Instead, only 36 Filipino exhibitors were able to participate, according to a previous DTI statement.

Apart from this, there was also a 136-square meter Philippine national pavilion, which featured 10 partner government agencies and companies as well as 11 universities.

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DTI is looking forward to bringing a bigger delegation to next year’s CIIE. According to Lopez, DTI is eyeing to set up 100 booths for next year and to double its sales, targeting to bring a wider variety of local fresh fruits. /atm

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TAGS: China International Import Expo, DTI, Philippine exports, Ramon Lopez

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