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On celebrating the fruitful visit of Philippines Department of Trade and Industry delegation

On celebrating the fruitful visit of Philippines Department of Trade and Industry delegation

  • Categories:News & Insights
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  • Time of issue:2020-07-16 11:10
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Summary description:On August 29, 2019, the delegation from Philippines Department of Trade and Industry visited the Chinal National Building Materials Exhibition and Trade Center to discuss in depth the issues of China-Philippines investment, standards alignment and international certification.

On celebrating the fruitful visit of Philippines Department of Trade and Industry delegation

Summary description:On August 29, 2019, the delegation from Philippines Department of Trade and Industry visited the Chinal National Building Materials Exhibition and Trade Center to discuss in depth the issues of China-Philippines investment, standards alignment and international certification.

  • Categories:News & Insights
  • Author:
  • Origin:
  • Time of issue:2020-07-16 11:10
  • Views:
Information

On August 29, 2019, Philippine President Duterte visited China for the fifth time. On the same day, the delegation from Philippines Department of Trade and Industry visited the China National Building Materials Exhibition and Trade Center to discuss in depth the issues of China-Philippines investment, standards alignment and international certification.

 

 

On the evening of August 29, 2019, Chinese President Xi Jinping met with Philippine President Duterte at the Diaoyutai State Guesthouse in Beijing. This is the fifth time President Duterte has visited China at the invitation of President Xi Jinping.

 

Since the beginning of the 21st century, China's rapid growth has also boost the economic growth of neighboring countries. At present, China and neighboring countries are actively exploring new modes of cooperation. Against this background, Philippine President Duterte was invited to visit China and have a meeting with Xi Jinping. Xi said it is necessary to continue to promote the synergy between the Belt and Road Initiative and the Philippine "Build, Build, Build" program, and implement major cooperative projects in such areas as infrastructure construction, industrial parks, telecommunications and energy. Philippine President Duterte pledged to speed up joint maritime oil and gas exploration with China. As the country coordinator for China-ASEAN relations, the Philippines is committed to advancing an early adoption of the Code of Conduct (COC) in the South China Sea with relevant parties, Duterte said. This meeting not only shows the non-confrontational mindset of the Philippines on cooperation with China, but also the need to strengthen cooperation with China in various fields, especially in the field of economic and trade. These again show the determination of the Philippines to push forward ties with China.

 

On the same day, at the invitation of China National Building Materials Exhibition and Trade Center, the delegation from Philippines Department of Trade and Industry visited China to discuss cooperation matters. The meeting was successfully held at 11:00 at the China Building Materials Building. Qu Jiaosheng, Director of the National Building Materials Exhibition and Trade Center (hereinafter referred to as "the Center"), Assistant Director Liu Zeyu, Deputy General Manager of the International Cooperation Department Ma Qianling, and others met with Rowel Barba, Vice Minister of Philippines Department of Trade and Industry, Isidro Consunji, President of the Overseas Construction Board of Construction Industry Authority of the Philipphines, and Augusto Manalo, Chairman of the Construction Manpower Development Foundation of Construction Industry Authority of the Philipphines.

 

 

Director Qu Jiaosheng began the meeting by expressing his heartfelt thanks and warm welcome for the Philippine delegation, then Qu made brief introduction of the Center and presentation about the development prospects of China and the Philippines. Vice Minister Rowel Barba expressed gratitude to the Philippine Ambassador to China, who was unable to be present at the meeting because of his participation in the presidential meeting, for his help and support for this meeting and expressed gratitude to warm hospitality from the Center.

 

 

Two sides exchanged in-depth views on international trade and investment, China-Philippines standards alignment and international certification, etc. This fruitful meeting promoted the progress of the Center's investment project in the Philippines, the alignment of industry standards of construction material, and cooperation on the Philippine PS/ICC certification, which is the needed by Chinese building materials enterprises to go abroad. On the afternoon of the same day, the relevant personnel of the Center accompanied the delegation of Philippines Department of Trade and Industry to visit the Jinyu Aerated Concrete Factory of BBMG Group in Beijing. The representatives of Philippines Department of Trade and Industry highly praised the factory's production capacity and advanced equipments, hoping to implement related projectsas soon as possible in the Philippines. So far this meeting concluded successfully.

 

The Philippines, as China's friendly neighbor, is in a state and period of great development. There is a strong demand for hardware tools, construction equipment and building materials. The construction industry is the second largest industry in the Philippines, with an output value of $20.1 billion in 2015 and an increase rate of 10.3%, achieving double-digit growth for the fourth consecutive year. Philippine President Duterte said that he intended to increase the proportion of infrastructure spending to 5% of GDP, which is higher than 3.2% during the Aquino period. Chinese companies should seize this business opportunity to enter the Philippine market with Philippine "Build, Build, Build" program in gull swing.

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