The Toronto, Canada chapter of the Philippine Chamber of Commerce is on a business tour in Davao City this week to explore business opportunities and to pick what products they can bring back to Canada.
The group has business interests in food manufacturing, construction, real estate and information and communications technology and will have a business matching today at DCCII office.
“There is nothing that they are very definite of but they wanted to explore, to look out for products that they can bring to Canada,” said Arturo Milan, president of the Davao Chamber of Commerce and Industry Incorporated (DCCII) during the Kapehan sa Davao press conference at SM Annex Davao City on Monday.
A total of ten man delegation from Toronto, Canada composed of a combination of Canadian and Filipinos businessmen. PCCT and Flavours of the Philippines 2018 is both represented by Steve Pagao president; iAdverTUBE is represented by Bill McConkey president, Canada Business Connection and Blueprint Canada is both represented by Michele Serrano, Accubooks is represented by Bryan Ganaba president/ CEO, Montephil, Incorporated is represented by Remedios Monteagudo executive director , Boulevard represented by Nicodemo Mazzone real estate broker and Federation of Filipino Canadian Association of Quebec is represented by Luzviminda Mazzone vice-president.
He said that the Canadian delegations wants to meet exporters of Philppine Products and Services, Business Process Outsourcing (BPO) construction materials and services, property developments and Education.
He said that Davao City is getting attractive to foreign investors with all the indication of trade mission coming in the city.
“We really have to commend the efforts of the Local Government in trying to secure Davao City and also making Davao City as business friendly as possible,” Milan said.
He said that he told the members of DCCII to be more serious about all the trade mission coming the city in order to convert these interest into actual businesses.
He said that these business ventures are looking for joint-ventures or partners in the local because of the limitation set by the Philippine Constitution that the business located in the country should be 60 percent owned by Filipinos and 40 percent owned by foreign investors.
“We need to take all trade missions seriously so we can convert, because what’s the interest if there is no conversion meaning no actual investment coming in because these are all exploratory, so we should be serious also in trying to capture them and by being partners so the thrust is no longer promotion but conversion” he said.
He said that they need to take advantage of the attraction of foreign investors to Davao City because he is not certain whether this attraction will continue after the term of the President.