DAVAO CITY – Several Chinese investors arrived here the other day to look for potential argi-business opportunities.

Cai Yong, Economic and Trade Consul of the Consulate-General of the People’s Republic of China in Cebu, together with Consular Attaché Wenwen Pang explored possible investment opportunities that will lead to potential business partnerships with the local businessmen here.

In a briefing conducted that same day by the Region 11 office of the National Economic Development Authority (NEDA 11), Region 11 office of the Department of Trade and Industry (DTI 11), Region 11 office of the Board of Investment (BoI 11) and the Davao City Investment Promotion Center (DCIPC), the Chinese diplomats expressed interest in exploring agri-business potentials in seaweeds and vegetables.

They also eyed a partnership in the area of cold chain development and equipment manufacturing.

As this developed, Yong was briefed of the region’s development prospects, investment potentials, and investment incentives offered by the national government under the Investment Priorities Plan (IPP).

The Chinese diplomats then went to Panabo City and Tagum City and met with local government officials, as well as members of the business community.

Potential business partnerships for the export of seaweeds and fresh fruits, including banana, were some of the areas being explored by the Chinese investors in Davao del Norte.

They also met with Maria Lourdes Lim, regional director of NEDA 11, where they discussed opportunities that will strengthen the bilateral partnership between China and the Philippines geared at pushing for the development of the Davao Region.