Mindanao traders to meet with Manado counterparts-A A +A
Monday, July 21, 2014
THE Mindanao Development Authority (Minda) will organize the Mindanao Investment Mission to Manado, Indonesia next month for Indonesia- and Mindanao-based businessmen, timed for the launch of the Davao City-General Santos City-Tahuna-Bitung sea route.
Romeo M. Montenegro, Minda director of investment promotions and public affairs, said the mission is tentatively set in the first week of August.
The mission will bring Mindanao traders to Manado to meet with their Indonesian counterparts to finalize details of partnership in the shipment of products and services.
"The details of commodities, volume, and frequency of voyage will be determined after they meet with their counterparts," he said.
Montenegro said without the mission, only the consolidators of the exporters and importers are communicating, but with this initiative, stakeholders will be able to sit down and directly talk with each other to firm up their agreements.
He said the traders they will bring to Manado are those who already have existing partnerships and those who are interested to develop trade with their Indonesian counterparts.
Some of the products that will be imported from Indonesia are fertilizer, corn, construction materials, and other agricultural inputs. Some of the major products that will be exported from Mindanao include fresh fruits and poultry products.
Montenegro also said that aside from the meetings, site visits will also be conducted during the two-day trip.
The sea-route is a private-led trade sea route that was established through an agreement between PT Kanaka, North Minahasa Chamber of Commerce of Indonesia, Philippine-based cargo company ARREE Freight Express, and the Davao City Chamber of Commerce and Industry Inc. (DCCCII).
PT Kanaka will be providing the shipping services wherein it will utilize MV Beverly, which has a capacity of 120 twenty-foot equivalent units.
Montenegro said even Luzon-based business men have shown their interests to make use of the sea route due to the lesser travel time it will take between Mindanao and Indonesia.
Published in the Sun.Star Davao newspaper on July 22, 2014.