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FFCCCII joins Fuyang Trade Fair, RCEP Conference to boost trade, investment

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Members of the Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) participated in the 2024 Fuyang Investment and Trade Fair and the first Regional Comprehensive Economic Partnership (RCEP) Entrepreneurs Cooperation Conference at the Wanda Realm Hotel in Fuyang, Anhui Province on May 18, 2024.

Organized by the RCEP Industrial Cooperation Committee, the Department of Commerce of Anhui Province and the Fuyang Municipal People’s Government, the event aimed to boost trade and investment in the new energy industry among RCEP countries.

Under the theme “New Opportunity, New Partner, Jointly Foster New Quality Productive Forces,” the conference attracted over 600 attendees, including leaders from industrial and commercial associations in the RCEP region, entrepreneurs, government officials and media representatives. Attendees included Anhui Provincial Governor Shan Xiangqian, Fuyang Municipal Party Committee Secretary Liu Yujie and RCEP Industrial Cooperation Committee Chairman Xu Ningning.

Dr. Lily Lim, vice chairman of the Education and Culture Committee of the FFCCCII, delivered a keynote speech, highlighting the significance of RCEP since its inception in January 2022 for regional trade liberalization and China’s energy development.

She emphasized the growing market for energy supply chain management services and the expansion of China’s new energy services to Belt and Road countries, promising broader international market prospects.

Lim also pointed out the rich energy resources of the Philippines and other ASEAN countries, which include traditional fossil fuels and abundant renewable energy sources like biomass, hydropower and solar energy. The development of the new energy industry is expected to lead to further expansion of RCEP cooperation.

Zhou Jianqi, a researcher at the Enterprise Research Institute of the Development Research Center of the State Council of China, said RCEP has created new opportunities for China’s energy industry, particularly in providing integrated solutions to member countries. Julie Ann Lope

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