China and Philippines enterprises agreed to cooperate in complementary seaweed industries

FUZHOU, CHINA – Media OutReach Newswire – 11 June 2024 – On May 31, 2024, 6 members of the Seaweed Industry Association Philippines （SIAP） were invited to attend the ASEAN — China, Japan, and South Korea Seaweed Cooperation Meeting held in Fuzhou, China. Mr. Alfredo III Pedrosa, the former president of the SIAP reviewed the cooperation with China in the seaweed industry since 2018. He believed that China has advanced technology in seaweed processing, while the Philippines has the advantage of producing tropical seaweed. Therefore, the seaweed farmed in the Philippines mainly benefits from exports to China. Due to complementary industrial advantages, cooperation with China will, to a certain extent, enhance the Philippines’ position in the global market, especially the seaweed industry in the Asia-Pacific region. China and the Philippines are the dominant players in the global seaweed market, China’s seaweed processing enterprises source raw materials from countries such as the Philippines, promote good market and production, and attract many people and seaweed farmers to participate in this type of activity, which represents a good partnership and combination. Finally, they look forward to working together to achieve the development goals of the resilient and long-term sustainability of the seaweed industry.