SMEs explore BIMP-EAGA trade

Palawan provincial government links SMEs to BIMP_ EAGA counterparts. (Photo by PIO)

Small and medium enterprises (SME) in Palawan have recently linked up with their counterparts from Mindanao and Malaysia to explore business opportunities within the Brunei, Indonesia, Malaysia, Philippines-East Asean Growth Area (BIMP-EAGA).

A Trade Networking Session under the auspices of BIMP-EAGA was held recently in Puerto Princesa City attended by businessmen from the region.

“This event is to create that output wherein we will see the contributions, the concerns and the interventions that we can do for the future because we always have the facilities but we lack the private sectors,” John Vincent Gastanes, coordinator sa BIMP-EAGA Desk Palawan said.

Gastanes said that the goal of the of the BIMP-EAGA is to recognize those MSMEs who are interested in doing imports and exports at the same time maybe producing products for the EAGA.

Atty. Gil A. Acosta, Jr., Provincial Information Officer, said that the ongoing six-lane project of the government will strengthen the coordination among EAGA member countries not only in tourism and agriculture but in the trade as well.

Acosta said the 6-lane superhighway from the town of Brooke’s Point to Buliluyan Port in Bataraza is expected to be finished in December. He said the project will play an important role in ensuring a smooth trade among member countries like Malaysia.

Datuk Haji Roselan Johar Mohamed, chairman ng BIMP-EAGA Business Council identified young coconut, crab, coconut oil, pulot, cassava flour and turmeric as having a potential market in Malaysia.

Mohamed also noted that warehouses and dry/cold storage facilities will be needed at the Buliluyan port to spur trade.

Acosta pointed out that these facilities are already included in the plan of the province as the provincial government is expecting some investors of the project.

The trade networking session was facilitated by the Mindanao Development Authority (MinDA) in partnership with the provincial government.

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