Fil-Chinese, Davao biz chambers eye P110B yearly durian exports to China

Filipino businessmen are smelling huge profits in the coming months after the Philippines and China signed an agreement for exporting durian.

Both the Durian Industry Association of Davao City (DIADC) and the Filipino Chinese Chambers of Commerce & Industry, Inc. (FFCCCII) said they expect to send P8.24 billion worth of the fruit to Beijing in the first year of what they call the era of “durian diplomacy.”

In succeeding years, the two business groups expect the value of durian exports to reach P110 billion, or half of what Thailand currently supplies to China.

“We the Philippines should export more to China, attract more of their affluent Chinese tourists, we need to compete with our Asean and Asian neighbors for the vast China market,” FFCCCII President Dr. Henry Lim Bon Liong said.

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