PH racks up $7.5M sales at CAEXPO

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THE Philippines hit its retail sales target at the conclusion of the 13th China-Asean Expo (CAEXPO) held earlier this week in Nanning, China, a Department of Trade and Industry (DTI) attached agency reported Friday.

In an e-mailed statement, the DTI’s Center for International Trade Expositions and Missions (Citem) said Filipino exhibitors’ retail sales during the three-day expo reached $7.5 million.

While that figure is 46 percent lower than last year’s $14.1 million sales – the record high — the number of exhibitors this year was higher by 24 percent compared to last year, Citem said.

“We have more exhibitors right now compared to the previous exhibitions. There [were]only 25 exhibitors last year but right now we have 31,” said Rowena Mendoza, Citem project manager for the 13th CAEXPO.

Mendoza noted that most of the exhibitors were already regular participants while 40 percent were new companies.

Some of these companies are: JER Shell Craft Creation International, Philippine Morinda Citrifolia Inc., Super Q, Madella Flowers and Crafts, Jacildo’s Handicrafts, PhilNONI and Kwality Philfood Inc.

She said this higher number of participants was a result of Citem’s effort to invite entrepreneurs all over the country by sending out invitations across the regions.

She also said that what Citem is interested in are the booked sales or the sales under negotiations between the participants.

As China’s second-biggest international trade event, the CAEXPO has 4,600 display booths that attract some 57,000 participants, and is the only fair dedicated to the promotion of a free trade area for regional trade and economic cooperation between China and the Association of Southeast Asian Nations.

The 13th CAEXPO, held from September 12 to 14, attracted some 450 delegates from the People’s Government of Guangxi Zhuang Autonomous Region, the CAEXPO Supporting Chambers of Commerce in the 10 Asean countries, as well as international organizations, institutions, and enterprises.

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