Business & Economy

Chinese, Filipino businessmen help ease political tension

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Chinese businessmen and the Philippine business community have spearheaded a move to bring President Aquino to 10th China-ASEAN Expo 2013 (CAEXPO) to be held in Nanning, Guangxi Province in September this year as business relations continue to flourish between the two countries amid the territorial dispute being faced by the two governments.


Atty. Miguel B. Varela, president of the Philippine Chamber of Commerce and Industry (PCCI), said its Chinese counterpart have formally invited them to a roundtable meeting with the two Presidents – Philippines President Aquino and Chinese president – Xi Jinping – with the private sector.

“They want us to moderate the meeting and in organizing a forum and a roundtable with the leaders,” Varela said. This is in time for the CAEXPO to be held in Nanning, China on September 16 this year where the Philippines is a featured country.

“Despite some misunderstanding, business relations between the two countries have been robust. They kept on sending missions and business delegations,” he said.

The Philippines has recorded over a dozen Chinese groups visiting the country since the start of the year with one delegation comprising of as many as 200 participants.

So far, Varela said PCCI has forged 190 memorandum of understanding with their counterparts in 40 countries since 2000 when Varela served his first presidency in the PCCI.

To add value to these agreements, both parties have established joint business councils in these countries. They have forged partnerships with most Latin American and Asian countries. Lately, they are courting partnerships with Eastern European countries. Manila Bulletin

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