The Philippines generated over $462 million worth of onsite export sales from food products in the country’s hybrid participation in the third China International Import Expo (CIIE) held at the National Exhibition and Convention Center in Shanghai, China from November 5 to 10, 2020.
In a statement, the Center for International Trade Expositions and Missions (CITEM) said the total export sales include the $455.689-million worth of commitments, as well as $6.17-million worth of onsite booked sales and business matching activities. CITEM co-organized the Philippine participation.
Pauline Suaco-Juan, CITEM executive director, said the amount exceeded the $160-million target in export sales, which include $31 million from onsite floor sales.
One of the major commitments made during the CIIE was the signing of a procurement letter of intent from Sinopec North Energy (Dalian) Co., Ltd. with Eng Seng Food Products to purchase $245 million worth of young coconut and dried fruit snacks from the Philippines in five years.
Under the deal, the Philippines will supply dried fruit snacks to Sinopec Group’s import business, Easy Joy, while fresh young coconut will be supplied to partners and distributors in China.
The Philippine delegation also signed a memorandum of understanding with DOLE China which committed to purchase $180.6 milllion worth of fruits from the Philippines in 2021, including 8 million boxes of bananas, 7 million boxes of pineapples, 300,000 boxes of papaya and 38,400 boxes of avocados.
China’s Goodfarmer also forged an agreement with the Philippine delegation to purchase $25 million worth of fruits from the Philippines in 2021. Goodfarmer is one of the leading importers of fresh fruits and vegetables in China.