Mindanao Business Council to revive investment trip | Lao Tribune

Mindanao Business Council to revive investment trip

THE Mindanao Business Council (MINBC) is set to revive the Mindanao Investment Trip in October of this year, an official said.

The first investment trip was launched in 2013 and was led by the Department of Trade and Industry.

The trip is targeted to be done in the Middle East countries including Dubai and Iran.

“It is open to all businessmen who want to participate in the investment trip, especially for agri producers here in Mindanao, It is a trip with a selling and investment mission,” Vicente T. Lao, chair of MINBC told reporters on Monday at the sidelines of the Kapehas Sa Dabaw at the SM City Annex.

He emphasized that Middle East could be a good export area for the Mindanao products especially on agri from vegetables, fruits, poultry and livestock, among others.

“Middle East countries like Dubai and Iran are good potential areas for our products, especially now that the sanction imposed by US to Iran was already lifted; Southeast Asian countries must tap the big market Iran has to offer,” Lao said.

He also noted that Philippine products will be good in Middle East as population of Filipinos there continue to grow in surge.

“Of course, to better position our products it must be value-added and it could be a way better if it is Halal-certified since the market there embraced halal products,” he added.

The 2nd Mindanao Investment trip is also expected to bring in more investors from the Middle East.

Lao also said that MINBC will book a pavilion in the annual Gulf Food Exhibit in Dubai this February 21, 2016 for the Mindanao products.

Meanwhile, three Mindanao commodities entered the Middle East market, through Dubai, last year.

Undersecretary Janet M. Lopoz, executive director of Mindanao Development Authority (Minda) said that the Department of Agriculture in Soccsksargen was able to facilitate trial shipment of some of Mindanao’s commodities to Dubai last year.

“DA-12 (Soccsksargen Region) was able to facilitate trial shipment to Dubai through Cebu Pacific Air,” she said.

In a data provided by Minda, one ton of mango from Rickson Olympus in Tulunan North Cotabato was exported on November 29, 2015.

It was followed in less than a month by another one ton of mango along with two boxes of bananas from the local farmers in General Santos City and Tampakan town in South Cotabato.

Last December 27, a total of 1.5 tons of fresh calamansi produced in Lambayong and Esperenza towns in Sultan Kudarat and Matalam in North Cotabato were also shipped out to Dubai.

Futhermore, The only Pekin duck producer in the country, Maharlika Agro-Marine Ventures Corp. managed to secure a Halal accreditation from the Dubai Ministry of Environment Water last December 2015.

“We are still in the process of looking for a market in Middle east especially in Dubai,” Lao said.

Source: Sun star