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Brunei woos Chinese Markets


October 27, 2007

BRUNEI: Markets
Brunei woos Chinese Markets

Brunei Darussalam is this year's country of honour at the 4th China-Asean Expo (CAEXPO) aimed at promoting trade and business between Asean countries and China.

The Sultanate is sending a 150-member delegation to this year's expo, including high-level government officers, public and private exhibitors, as well as local media personnel.

Exhibitions and conferences will be held at the expo to promote the country's tourism, culture and business development.

His Royal Highness Prince Hj Al-Muhtadee Billah, the Crown Prince and the Senior Minister at the Prime Minister's Office, will be attending the opening ceremony of the CAEXPO and 4th China-Asean Business and Investment Summit, as a representative of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam.

While in Nanning, the Crown Prince and the vice Chinese premier will jointly

inaugurate the City of Charm Pavilion of Brunei Darussalam, featuring Bandar Seri Begawan, The Empire Hotel and Country Club, Pulau Muara Besar Project, BLNG Port and Muara Port.

The Crown Prince and HRH Paduka Seri Pg Anak Isteri Pg Anak Sarah left the country yesterday for the official visit to Nanning, Guangxi and China. Accompanying the royal couple were Prince Abdul Muntaqim and Prince Abdul Qawi.

Their Royal Highnesses were greeted by Pehin Dato Seri Setia Awang Haji Abu Bakar bin Hj Apong, Minister of Communications.

The China-Asean Expo, which will run from October 28 to 31, aims to complement developments in the realisation of the China-Asean Free Trade Area (CAFTA), which is deemed as the biggest FTA in terms of population with a market of 1.85 billion consumers and a combined GDP of almost US$2.5 trillion.

The Ministry of Industry and Primary Resources will also be organising a business and investment seminar, which will involve speakers from the Tourism Development Department, Department of Agriculture, Brunei Economic Development Board and Universiti Brunei Darussalam.

Two Memorandum of Understanding will be signed between a local ICT company and two Chinese companies in conjunction with the event.

Another exhibition that Brunei will be participating is the Trade and Commodity Pavilion, where a total of 18 companies will be exhibiting their products and services. These include representatives from food and beverage (F&B) sector, arts and handicraft and ICT-related products and services.

The CAEXPO also aims to reinforce cooperation of China and Asean in industries and commerce to build a huge platform and to set up a mechanism to promote the building of CAFTA, and to drive up trade, economy, technology and investment between China and Asean countries.

Since 2004, the CAEXPO has concluded with great success for three consecutive years.

Driven by the full support of governments of the 11 countries and backed by the huge market and favourable policies generated by the CAFTA, the CAEXPO is highly credited by political and business communities of the 11 countries. It serves as an ideal platform to promote cooperation between China and Asean countries in the fields of trade, investment and tourism.

CAEXPO is fully endorsed by 11 countries governments, and is one of the top 10 expositions in China and honourably crowned as "2006 Top 10 Most Influential Government-led Expositions".

Courtesy Borneo Bulletin

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