The Davao City Young Entrepreneurs Association and the Fujian Electronic Commerce Association inked a Memorandum of Agreement (MOA) for the promotion of e-commerce via virtual meeting on Wednesday.
“In today’s business environment, e-commerce offers a range of opportunities and it now becomes a necessity for a business to be successful,” said Nicole Hao-Bian, president of Davao City Young Entrepreneurs Association in an interview.
Bian said through this agreement, Davao young entrepreneurs will have access to vital resource sharing, business matching opportunities, international benchmarking and strategic partnership and alliances.
She added that this will also greatly enhance investments in Information Technology (IT) in Davao City.
“This is timely since global e-commerce sales grew 13 percent in 2017, hitting an estimated $29 trillion, according to the latest numbers released today by the United Nations Conference on Trade and Development (UNCTD),” Bian said expressing optimism that through this cooperation Davao City will be able to significantly create a surge in growth of e-commerce as younger generation are more technology driven.
“The Davao City YE Association is a supportive network of young entrepreneurs focused on business growth, personal and professional development and community empowerment. DCYEA will take an active role in empowering fellow entrepreneurs and contributing to the city’s economic development through this strategic partnership with the Fujian Electronic Commerce Association,” she said.
The agreement is in conformity on the principles of equality, mutual benefit, and complementary advantages. The partnership also aims to realize resource sharing and common development.
The signing is part of the many MOUs that were signed by other cities that participated in the online ASEAN Fujian Conference.
According to the primer shared to Edge Davao, Fujian is one of China’s major gateways to the Asia-Pacific and a maritime neighbor of ASEAN.
With cultural affinity, frequent interactions and people-to-people exchanges, and close business ties, Fujian and ASEAN enjoy a sound foundation, great potential and broad space for cooperation in various areas. In recent years, thanks to the concerted efforts of both sides, we have seen closer high level exchanges, deeper cooperation in trade, investment and industrial capacity, and greater interactions in tourism, culture and education.
Fujian has established more than 20 sister relations with ASEAN countries, setting up an important platform for enhancing our friendly exchanges and practical cooperation.
In response to this major test brought by the Covid-19 pandemic, Fujian has championed the vision of a community with a shared future for mankind and actively engaged in international cooperation against the virus. It offered help to ASEAN countries and sister cities and provinces to the best of its ability, including donating medical supplies and sharing experience in fighting the disease through teleconferences.
During the conference officials from Fujian Provincial Health Commission Fujian Provincial Department of Education Fujian University of Traditional Chinese Medicine, Professor Li Candong of the Fujian University of Traditional Chinese Medicine gave their remarks.
There were also presentations from experts from the Philippines, Thailand, and Fujian.