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.
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