Mayor Rodrigo Duterte said the 2nd BIMP-Eaga & IMT-GT Trade Fair and Business Leaders’ Conference was expected to “effectively promote investments and generate trade” in Mindanao, and has given full support by declaring a Celebration Week for the event to be held from October 22 to October 26 at the SMX Convention Center in Davao City.
“The City of Davao welcomes this event as an opportunity, not only for Davaoeños, but also for residents and entrepreneurs in other cities and municipalities in Mindanao, to effectively promote investments and generate trade in their respective jurisdiction,” Duterte said in Proclamation No. 3, signed on April 8, 2014.
Historically, Davao City played crucial role in the birth and growth of the BIMP/Eaga.
BIMP/Eaga, an ambitious move initiated by former President Fidel Ramos to place the East Asean sub-regional economic group composed of Brunei, Indonesia, Malaysia and the Philippines in the map of investors, was launched in Davao City in the early 90s.
During its infancy, Mayor Duterte and Davao City played host to numerous ministerial meetings and planning sessions of the BIMP/Eaga, which has Mindanao as its Philippine hub.
The East Asean sub-regional group has lain low after Ramos left the presidency, but has seen a revival through the efforts of the Mindanao Development Authority (MinDA) under the administration of President Benigno Aquino.
Aquino and Ramos have been invited to attend the BIMP/Eaga event in Davao City. ROGER M. BALANZA
600 business leaders in Davao conference
About 600 business leaders from the East Asean region are expected to attend the 2nd Brunei, Indonesia, Malaysia and Philippines-East Asean Growth Area (BIMP-Eaga) and Indonesia, Malaysia Thailand-Growth Triangle (IMT-GT) Business Leaders Conference on October 23 at the SMX Convention Center in Davao City.
To beef up the number would be participants and delegates from China, Japan and Taiwan, said Undersecretary Janet Lopoz, who is also Executive Director of the Mindanao Development Authority (Minda), one of the organizers of the event.
The Business Leaders’ Conference, along with the Trade Fair and the Business to Business Matching Sessions, are the highlights the event from October 22 to October 26.
With “Realizing the Opportunities on Asean Integration” as its theme, the Business Leaders’ Conference will tackle a broad range of economic topics to include “Asean Economic Community 2015: Transforming Asean Economies,” “Connectivity: Expanding Growth Beyond Borders,” “Harnessing the full Potentials of Agribusiness in the Sub-regions,” and “The Future of Tourism in BIMP-Eaga and IMT-GT.”
The conference will promote an understanding and appreciation among stakeholders of the role and importance of sub-regional groupings in ensuring that the goals of the Asean Economic Community (AEC) are achieved in 2015, Romeo Montenegro, Minda director for investment promotions and public affairs, said in a report in SunStar Davao.
2,000 security force for BIMP/Eaga conference
About 2,000 policemen and soldiers would be deployed during the BIMP-EAGA & IMT-GT Trade Fair and Business Leaders’ Conference in Davao City on October 22-26, according to Davao City Police Office (DCPO) Director Vicente D. Danao Jr.
The security personnel would come from DCPO, Davao Police Regional Office, Task Force Davao, Davao City Public Safety Command Center and Traffic Management Center, said Danao.
President Aquino to address gab
President Benigno Aquino has been invited to address the 2nd Brunei Darussalam, Indonesia, Philippines, Malaysia – East Asean Growth Area (BIMP-Eaga) and Indonesia Malaysia Thailand-Growth Triangle (IMT-GT) Trade Fair in Davao City.
Other personalities invited to attend the event are former President Fidel V. Ramos, Halal Standard Institute of Thailand director Dr. Pakorn Priyakorn, and Deputy Secretary General of Asean for the Asean Economic Community Dr. Lim Hong Hin.
$64M sales in Trade Fair
About P2.7 billion ($64 million) in sales are expected in the Brunei Darussalam, Indonesia, Philippines, Malaysia – East Asean Growth Area (BIMP-Eaga) and Indonesia Malaysia Thailand-Growth Triangle (IMT-GT) Trade Fair in Davao City.
Two hundred and fifty booths would be set up at the SMX Convention Center for the Trade Fair, one of the main events of the 2nd BIMP-Eaga and IMT-GT Business Leaders’ Conference and Trade Fair from October 22 to October 26, according to Mindanao Development Authority (Minda) executive director Janet M. Lopoz.
With 40 assigned booths, Mindanao products would be at the forefront of the trade fair. said Lopoz.
Indonesia, Philippines, Malaysia, and Brunei Darussalam have 50 booths each and Thailand with 10, according to Lopoz who adds that about 200,000 people were expected to visit the booths during the three-day Trade Fair.
The bulk of the sales are expected from booked transactions during the Business-to-business Meetings and Buyer-Seller Matching Sessions, Lopoz said.
FOR STRONGER PARTNERSHIPS
2nd BIMP-EAGA & IMT-GT Trade Fair and Business Leaders’ Conference
Moving along the direction of ASEAN Economic Community Blueprint, two dynamic sub-regional groupings have once again converged to strengthen cross-border trade and promote links for tourism, trade and investments.
The Brunei Darussalam Indonesia Malaysia Philippines – East ASEAN Growth Area (BIMP-EAGA) and the Indonesia Malaysia Thailand – Growth Triangle (IMT-GT) bring together another feat in sub-regional cooperation by staging the BIMP-EAGA & IMT-GT Trade Fair and Business Leaders’ Conference 2014.
First slated in Melaka, Malaysia in 2012, this year’s sub-regional convergence seeks to broaden the platform for showcase of unique products and services while seizing the possibilities of exploring and tapping new market links within and outside ASEAN.
Hosted by the Philippines, the BIMP-EAGA and IMT-GT Trade Fair and Conference 2014 provides the strategic venue for exhibitors, business leaders, as well as key public and private sector representatives from the two sub-regions and its development partners to forge greater partnerships, and realize the opportunities of ASEAN integration.