What were the highlights of the 2019 BOAO Forum in Manila

1. Historic First Boao Forum for Asia (BFA) in Manila
2. China Philippines United (CPU) Delegates Attend BFA
3. BFA 2019 Theme: Concerted Action for Common Development in the New Era
4. Notable Chinese-Filipino Partners of the BFA
5. CPU Booth at Boao Forum Manila 2019

 

Historic First Boao Forum for Asia (BFA) in Manila

This forum is a historical achievement for Filipino-Chinese Business in the Philippines as it is the first time the BFA was hosted by the country. The event was held on April 22-23, 2019 at the Shangri-La at the Fort, Manila hotel in Taguig City. The forum aims to tackle and think of common solutions for shared issues regarding development in a number of Asian countries. This initiative also aims to further enhance the economic and trade cooperation of China and the Philippines. Spokesperson Arroyo shared that the forum would be key to solidifying the Philippines as China’s number one partner in trade. Chinese-Filipino companies were highlighted in the forum through different booths set up around the venue.

China Philippines United (CPU) Delegates Attend BFA

A number of Chinese, Filipino, and Chinese-Filipino companies were invited in order to showcase the economic development that intercountry business relations can bring. China Philippines United Enterprises Inc. was one of the companies tapped to showcase their expertise in Chinese-Filipino relations. The CPU delegation was led by the Vice President for External Affairs Atty. Ivan Uy. CPU is a prime example of the possible benefits with the collaboration of multiple Asian countries to achieve a common goal. The values of the company fit well into the theme of BFA 2019: Concerted Action for Common Development in the New Era.

BFA 2019 Theme: Concerted Action for Common Development in the New Era

The BFA announced that the forum aims to, “build a new communication and cooperation platform for government, business, and academic leaders between China and the Philippines as well as China and ASEAN.” It aims not only to help in the development of economies but to provide more employment opportunities for the working sector of multiple Asian countries. One of the main focuses of the forum is innovation. According to the Philippine Chamber of Commerce and Industry (PCCI) Chairman George T. Barcelon, the focus of the forum is to share ideas. China has been open to freeing its service sector in order to pursue new ways to go about multiple industries. PCCI is one of the Philippine industries that greatly benefit from collaborations with Chinese investors. The PCCI is also one of the most notable partners of BFA 2019. It is included in a long list of notable companies that were invited to attend the two-day forum.

Notable Chinese-Filipino Partners of the BFA

BFA 2019 was able to introduce Chinese businessmen into investment opportunities in the Philippines and other Southeast Asian countries. Besides the PCCI, the Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. was also one of the expert companies invited to partner up with the forum. To further strengthen international trade, the Philippine Exporters Confederation, Inc. and the Chinese Embassy in the Philippines were also supporting partners in the event. The CPU, along with these key partners, set up booths in order to discuss more concrete plans to help further develop Southeast Asian countries.

CPU Booth at Boao Forum Manila 2019

The CPU booth at the Boao Forum Manila 2019 was manned by delegates who were able to discuss the advantages of Chinese-Filipino relations to both foreign and local businessmen. They showcased the different industries of the Philippines such as real estate, tourism, and agriculture as well as how they were strengthened by Chinese investments. CPU was also able to showcase to Chinese investors exactly how the Philippines can help in the development of their businesses. Different booths, networking opportunities, and conference topics ensured that the Boao Forum Manila 2019 was a success. Through the collaboration of a number of businessmen, different countries can now come up with new and innovative ideas to accelerate their economic development.

Key Takeaway

The 2019 Boao Forum for Asia in Manila was the ideal event to celebrate collaboration among Asian countries. Uniting resources and efforts will help turn Asia into a global competitor. The unification of Filipino and Chinese businesses in the Philippines is a prime example of what intercountry partnerships can achieve. These businessmen have all learned from the theme of BAF 2019: Shared Future, Concerted Action, and Common Development!