The Bacolod-Filipino Chinese Chamber of Commerce and Industry is working on the possibility of partnering with Taiwanese investors on developing high-value crops (HVCs) in Negros Occidental through the program of Taiwan on “Nan Xiang Zheng Ce” or “Go South Policy.”
BFCCCI honorary president Alfredo Barcelona said Saturday that this potential venture with Taiwan will include partnerships in developing HVCs of the province, as it is one of the main commodities of the country.
“We are exploring the possibility of investing with them as they are very strong in cultivating HVCs and with this partnership, we could also create more competitive agricultural products here,” Barcelona said.
Go South Policy is a program of their incumbent president Tsai Ing-wen to partner with the member-states of the Association of Southeast Asian Nations and countries in South Asia to revive Taiwan's weakening economy due to “over-dependence” on mainland China.
This five-year plan of Taiwan is aimed at expanding industrial, educational, cultural and agricultural exchanges between Taiwan and the two markets. Its objective is to reduce Taiwan's economic reliance on the mainland, which absorbs 40 percent of the island's exports.
Barcelona said that with this partnership, they could, hopefully, help Bacolod and Negros Occidental to improve the agricultural industry, given that Negros is promoting organic farming. * MLG
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