DTI looking for additional investments from China

The government's investment promotion agencies (IPAs) expect more investments from China on top of the $24 billion worth of economic benefits the Duterte administration had secured during the President's visit to Beijing last year.

Department of Trade and Industry (DTI) Undersecretary for Trade and Investments Promotion Group Nora K. Terrado said this as she led the Philippine Delegation to the 14th China-ASEAN (CAEXPO) and 14th China-ASEAN Business and Investment Summit (CABIS) held at the Nanning International Convention and Exhibition Center (NICEC) in Guangxi Province, China.

Comprising the Philippine contingent of over 100 participants are local export companies, Investment Promotion Agencies (IPAs) such as the Board of Investments (BOI), Bases Conversion and Development Authority (BCDA), Subic Bay Metropolitan Area (SBMA), Clark Development Corporation (CDC), and the Mindanao Development Authority (MinDA) as well as businessmen and government sector representatives aiming to promote Philippine tourism and business opportunities to the huge Chinese and Southeast Asian market.

"This is an opportune time for the Philippines to fully present its potential as an investment destination to the Chinese market. It is also a chance for Philippine exporters to meet with potential