MTE participation fee cut by 73%

Aug. 21, 2009

DAVAO CITY — Organizers of Mindanao Trade Expo (MTE) 2009 has announced a 73 percent reduction in this year’s participation fee.

MTE 2009 chair Ann T. Pamintuan announced that the participation fee is at 4,800 pesos from 18,000 pesos per booth, thanks to a huge subsidy provided by the Export Development Council (EDC).

Of this amount, 1,200 goes to the annual membership fee of the participant to the MTE Foundation, Inc. while the remaining amount is for the booth rental.

Pamintuan thanked the EDC and expressed optimism that more Mindanao micro, small and medium enterprises would be encouraged to join and grab the chance to promote their products and find new business partners.

The MTE 2009 slated on August 13 to 16 at the Bangko Sentral ng Pilipinas (BSP) in Davao City, is expected to gather 100 exhibitors and rake in an aggregate sales of 30 million pesos.

Anchoring on the theme “MTE Bounces Back”, the MTE board decided to re-launch MTE after a year of absence. Pamintuan said they received suggestions and inquiries from previous exhibitors and other stakeholders.

Pamintuan added that with the present global economic meltdown, micro, small and medium enterprises (MSMEs) must be backed up so that they will not get lost in the trading arena.

Among the products that will be showcased during the four-day trade expo are furniture and furnishings, jewelry, fashion accessories, home textile, garments, processed food, fresh fruits and vegetables, flowers and ornamentals, and tourism services and facilities.

From 1996 to 2007, the MTE has gathered a total of 1,590 exhibitors, 577 visiting buyers, and generated at least 600 million pesos in sales.(MTE)

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