Quanzhou eyeing Brunei fisheries

National 2 minutes, 26 seconds

QUANZHOU, CHINA

THE Quanzhou Municipal Government of China’s Fujian Province has shown interest in collaborating with Brunei Darussalam in fisheries in a bid to further strengthen the bilateral trade between the two countries.

“It is important for us to have the assistance of officials from the Brunei side in order for us to be able to identify the economic opportunities that can emerge between Quanzhou and Brunei,” said Huang Qiancheng, Deputy Director of the Quanzhou Municipal Oceanic and Fishery Bureau.

In a briefing for participants of the ASEAN Joint Media Group Visit regarding China’s One Belt One Road Initiative, Huang said the waters of Brunei, especially the offshore sites which are largely untouched, contain high quality fish that they intend to bring into the Chinese market.

He added that Quanzhou also has advance fishing technology that will be able to make use of Brunei waters to raise and capture high quality fish.

Huang went on to say that there have been officers from Brunei’s Fisheries Department who have visited Quanzhou a few years ago, to explore the cooperation opportunities between Quanzhou and Brunei.

Brunei’s Acting Director of Fisheries Department Abdul Halidi Salleh told The Brunei Times the department welcomes any investors that have interest in collaborating or creating joint ventures with local companies.

He added that recently an investor from the China’s Guangdong established a joint venture with a Brunei partner, under the name of Biomarine in culturing Groupers.

“The site of their aquaculture cages are in the Pelumpong Area and, in fact, the company has already started exporting Groupers to China a number of times,” he said.

Abdul Halidi also said a delegation from Guangdong plans to have a meeting with the acting director in June or July to further discuss future collaborations.

“These types of joint ventures or collaborations are very beneficial because they are bringing foreign direct investors (FDIs) into the country,” he said.

“Furthermore, in terms of collaboration with China in the fisheries industry, they have the market for fish consumption ready (therefore) local fishermen or aquaculture operators have no excuses in not increasing their production due to the small market in Brunei,” added the acting director.

He said that the department aims to adhere to His Majesty’s titah in developing the growth of the country’s gross domestic domestic product (GDP) through high productivity and exports.

He added that the Ministry of Primary Resources and Tourism (MPRT) aims to ensure the sustainability of industries in Brunei without the use of government expenditures.

“There will be a number of Request for Proposals that will be coming out pretty soon regarding a number of projects for interested investors in fisheries as well as other industries under the MPRT,” added Abdul Halidi.

According to the Section Chief of Quanzhou Municipal Bureau of Commerce, Li Ronghui, last year the trade volume between Quanzhou and Brunei was US$8.8 million.

The Brunei Times