PHILIPPINES AGRI-FISHERIES, EXPORT PRODUCTS SHOWCASED AT SEOUL FOOD EXPO 2022, ASEAN TRADE FAIR

SEOUL– The Philippines participated in two major commercial exhibitions, Seoul Food Expo 2022 and the ASEAN Trade Fair held from 07 to 10 June 2022 at KINTEX, Ilsan, Republic of Korea. Ambassador Theresa Dizon-De Vega graced the opening ceremony of both events and visited the Philippine pavilions.

Seoul Food Expo is Asia’s 4th largest food industry exhibition now on its 40th year. Philippines participation in the expo was spearheaded by the Department of Agriculture through the Philippine Agriculture Office in Seoul with 20 Philippine companies showcasing agri-fishery export products like fresh Cavendish and Cardava banana, pineapple, papaya and mangoes, VCO and coconut-based products, frozen tropical fruits, and okra. Also on display are dried mangoes, banana chips, taro snacks, and fruit-flavored spirits and items. The fishery sector was represented by Philippine exporters of frozen and processed milkfish, as well as frozen and processed shrimp products. PhilFoodEx representing the private sector likewise participated in the Expo led by President Ruben See of See’s International Food Mfg Inc. Participating on-site aside from See’s Intl were Avante, Fisher Farms, Inc., Oleo-Fats, Inc., Pasciolco Agri Ventures, and Bahaghari Global Food, Inc.

Other companies with displays included Jel Farm Fresh Produce Enterprise, Hi-Las Marketing Corporation, Eng Seng Food Products, Martsons Food Corp. Peter Paul / Wellness Care Int’l Corp. (VCO & coconut products), Yamangbukid, C. O. P. Pili sweets and pastries (pili nut Destileria Limtuaco, Sangkutsa Food Products Inc., SAMANCE Agro Products, Inc., Fruits of Life, Inc., Good Sense Food and Juices Corp., Seabest Food Corp., Shelfmates, Cocoplus Aquarian Dev’t.Corp., Lion Heart Farms Phils. Corp., Rosario’s Delicacies, and Limketkai Mfg. Corp.

Korea is the 4th largest destination of Philippine agri-food exports, with USD526.83 million total agri-fisheries exports value in 2021. Despite the pandemic, the Philippines recorded a 20% increase in agri-fisheries exports from 2020 to 2021, generating a USD228.39 million trade surplus over Korea.

The Philippine Trade and Investment Center in Seoul also organized the Philippine booth displaying new products from Oh So Healthy chips, Malagos chololate, Magic Melt Otap, Doña Maria Brown Rice puffs and B&C Mango chews at the ASEAN Trade Fair. The fair was organized by the ASEAN Korea Centre (AKC) in cooperation with the 10 ASEAN Member States (AMS) to promote market access of ASEAN products to ROK. This is in line with ASEAN’s goal towards equitable economic development of Micro, Small and Medium Enterprises (MSMEs) which serves as a significant driving force behind the ASEAN economy.

Source: Republic of Philippines Department Of Foreign Affairs

PHILIPPINES SHOWCASED IN ISRAEL BUSINESS FORUM

TEL AVIV– Trade and Industry Secretary Ramon M. Lopez delivered the keynote address at the Philippines-Israel Business Forum at the Carlton Tel Aviv on 08 June 2022. Secretary Lopez highlighted the economic reforms and initiatives the Duterte Administration undertook to further boost the Philippine economy by improving the ease of doing business, such as increasing incentives for investors, lowering capital requirements in the retail sector, and allowing full foreign equity in industries (e.g. telcos, shipping, airlines, railways, subways, etc.), among others.

Secretary Lopez also invited Israeli firms to locate their regional hubs in the Philippines and take advantage of exciting opportunities in the country’s electronics, automotive, aerospace, ecommerce, and innovation industries. Sectoral presentations were also delivered on the areas of (1) electronics, innovation, and start-ups, (2) agri-fisheries industrialization, and (3) IT-BPM and outsourcing.

Three Israeli companies then signed with the Secretary Letters of Intent to expand their operations in the Philippines, which will create more jobs in the country’s agriculture, renewable energy, outsourcing, and software sectors.

Philippine Ambassador Macairog S. Alberto welcomed the signing of three important bilateral documents during the Secretary’s visit, saying “This is testament to the Secretary’s dedication to pushing Philippine-Israel economic ties to the next level.” The Secretary signed an Investment Promotion and Protection Agreement (IPPA) with Finance Minister Avigdor Liberman; an MOU on Economic and Trade Cooperation (JEC) with Economy Minister Orna Barbivai; and an Innovation Cooperation Agreement with Israel Innovation Authority Chief Scientist Ami Appelbaum.

The Forum was attended by around 60 representatives from 30 Israeli firms and companies; and was followed by one-on-one meetings and business matching sessions between Filipino and Israeli firms.

Secretary Lopez and members of his delegation also held discussions with Israeli firms offering innovative products and processes, particularly for modernizing and increasing the productivity of Philippine agriculture.

From Tel Aviv, Secretary Lopez traveled to Dubai to also hold bilateral meetings there, highlighting once more the exciting opportunities the Abraham Accords are ushering in for the Philippines and the Middle East.

Source: Republic of Philippines Department Of Foreign Affairs