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The Philippines Manila International Comprehensive Building and Construction Materials Exhibition (WORLDBEX) was founded in 1996 and is held once a year. So far, it has successfully held 25 sessions. It is one of the important building and construction materials exhibitions in Asia and a large-scale comprehensive building and construction materials exhibition in the Philippines. In the past 25 years, WORLDDBEX has become an indispensable platform for the Philippines construction and construction industry to display new products, share new information, and exchange new technologies. The 2019 Manila International Comprehensive Building and Construction Materials Exhibition in the Philippines attracted more than 750 exhibitors with an exhibition area of more than 30,000 square meters, including more than 170 Chinese exhibitors. International exhibitors are mainly from 25 countries and regions including Austria, Australia, Belgium, Brunei, China, Finland, Hong Kong and Germany. Exhibitors have achieved good results and are satisfied with the results of the exhibition. I believe that participating in this exhibition is an indispensable exhibition for you to further develop the Asian building materials market. In the Philippines Manila International Comprehensive Building Materials Exhibition in 2019, our company successfully led 25 companies to participate in the exhibition, with an exhibition area of 243 square meters. From March 18th to 22nd, 2020, the organizer will also open a new exhibition hall PICC, WORLDDBEX will continue to be grandly opened at the World Trade Center in Manila, Philippines. We will continue to take you to participate in this unmissable event of building materials exhibition!
The Philippines is one of the emerging industrial countries and one of the world's emerging markets. The Philippines has adopted an open policy and actively attracted foreign investment. The economic development has achieved remarkable results. The Philippines has adopted a series of economic revitalization measures. The economy has begun to recover in an all-round way and maintained a high growth rate. In the 21st century, the Philippines regards developing the economy and eliminating cargo difficulties as the core of governance, increasing investment in agriculture and infrastructure construction, expanding domestic demand and exports, improving the balance of payments, and maintaining steady economic growth. An export-oriented economic model is implemented. The tertiary industry has a prominent position in the national economy, and agriculture and manufacturing also account for a considerable proportion. The Philippine economy is a typical economy with very high domestic demand. Its private consumption accounts for about 70% of GDP. The Philippine government has significantly increased its investment in infrastructure, and it plans to invest more than US $ 17 billion in highways and airports, which has led to a substantial increase in government consumption and investment in the construction sector.
In recent years, Sino-Philippine economic and trade relations have developed rapidly. Among the products exported, construction materials and mechanical and electrical products account for more than 50%. With a per capita GDP of over 1,600 US dollars, the Philippines is a country with strong purchasing power in ASEAN. The establishment of the China-ASEAN Free Trade Area has greatly promoted the free trade between China and ten ASEAN countries. ASEAN-China trade accounts for 13% of world trade. It has become a huge economy covering 11 countries, 1.9 billion people, and a GDP of 6 trillion U.S. dollars. It is currently a free trade zone with a large population in the world, and it is also among developing countries Large free trade zone.