Small and medium enterprises (SME) in the country are expected to gain access to a wider array of information, capital, technology, and markets through the Bank of China’s cross-border trade and investment conferences set to happen here in March next year.
Bank of China, Ltd. (BOC) on Wednesday hosted a roadshow in Cebu that will pave the way for its Global SME Cross-Border Trade and Investment Conferences in the Philippines in 2017.
Deng Juan of BOC in Manila said the event will gather traders from China and the rest of Asia, mostly clients of the bank, for business matching with Philippine SMEs.
He said this will help accelerate the growth not only of Philippine businesses, but businesses from China as well.
John Paul Iñigo of the Department of Trade and Industry (DTI) said among the challenges of SMEs in the country is limited access to capital, technology, and markets.
The current administration sought to address this challenge by entering into an agreement with the Chinese government to establish cooperation mechanisms to serve SMEs.
President Rodrigo Duterte signed an agreement with the Chinese government last Oct. 21, a move seen to strengthen the two economies’ bilateral relations.
The roadshow, which was held at the Crimson Resort and Spa Mactan, was supported by the DTI, Philippine Chamber of Commerce and Industry, and the International Chamber of Commerce, Phil.