Philippines

Philippines plans to increase food sales by $36 million at SIAL Paris

Products

Filipino food industry could get a new boost by benefiting from zero tariff privileges on selected products in Europe.

Posted on Oct 15 ,07:00

Philippines plans to increase food sales by $36 million at SIAL Paris

Filipino food industry could get a boost from being present at SIAL Paris 2018. Benefiting from zero tariff privileges on selected products in Europe The Center for International Trade Expositions and Missions (CITEM), the export promotion arm of the Department of Trade and Industry (DTI), plans to increase the food exports with $36 million in the next months.

“The Philippines’ return to SIAL Paris bolsters DTI’s aggressive campaign to elevate export opportunities for local firms to penetrate countries in the EU market. We have carefully selected the product segments based on the bestsellers of the country’s previous participation in SIAL from 2012-2016 and market research to cater to the meticulous taste of Europeans”, explained  CITEM executive director Paulina Suaco-Juan.

The country will exhibit mostly products that are included in the  EU’s Generalized System of Preferences Plus or GSP+ scheme. The Philippines avails itself of the zero preferential duties on 6,274 products going to EU states.

These include coconut and marine products, processed fruits and other local food products. The national pavilion will also showcase various food selections including tuna, cocoa and muscovado sugar, pili nuts, confectionaries, instant noodles, biscuits, crackers, sandwiches, dried fruits and juices, liquor and craft spirits, heritage rice, turmeric products, banana chips, single-origin dark chocolate, and many more.

The EU is ranked as the Philippines’ fourth largest trading partner, third largest import source, and fourth largest export market. Within the EU, 90% of EU-Philippine trade is concentrated among eight EU member-states—Germany, France, the Netherlands, the United Kingdom, Italy, Spain, Belgium and Denmark.

In 2016, 20 Philippine companies netted $36.11 million export sales in SIAL Paris. For 2018, DTI-CITEM is targeting $36.15 million.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

Denmark

Rolling cooking show in Denmark

The Danish government is starting an open food workshop which will roll to some important tourist...


Read more Read more
Spain

Alimentaria Barcelona is postponed until May 2021

Alimentaria Barcelona, one of the most important food, beverage and foodservice show in Spain and...


Read more Read more
Germany

Messe Frankfurt: Back to normal sales level in 2023

Messe Frankfurt hopes to revive the trade fairs schedule in this autumn, but the level of sales r...


Read more Read more
Websolutions by Angular Software and SpiderClass