PTIC-Singapore urges Overseas Filipinos to consider Philippine food and agri business opportunities

A seminar on Philippine food and agriculture investment opportunities was recently organized by The Global Filipino Investors (TGFI) Singapore community. The event brought together Filipinos working in the city-state who are interested in putting up their own agricultural businesses.

Philippine Trade & Investment Centre(PTIC)–Singapore Commercial Counsellor Glenn Peñaranda was invited to present on business opportunities in agribusiness. He highlighted that Agriculture/Agribusiness and Fisheries is one of the preferred investment sectors in the Philippine Investment Priorities Plan (IPP) and that its continued growth and development is important in promoting inclusive economic growth. Many Filipinos who work overseas come from agricultural areas and have strong interest in opportunities in this sector.

Commercial Counsellor Peñaranda also discussed food trends in the Philippines, mentioning that food is the biggest part of the Filipino household consumption and presents many opportunities. He also discussed the increased foreign interest in sourcing food from the Philippines and the challenges in meeting demand, thus the importance of increasing supply of many food items.

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Asia Pacific auto industry experts discuss U.S. Automotive Standards and Technical Regulations

Government and automotive industry representatives from Asia Pacific region including the Philippines, Malaysia, Thailand and Indonesia attended the workshop on U.S. Automotive Standards and Technical Regulations on April 21 at the Dusit Thani Hotel, Makati City. The workshop was conducted at the sidelines of the 22nd APEC Automotive Dialogue.

The workshop advocates the importance of adopting standards in the automotive industry to ensure safety and acceptable environmental outcomes.

Speakers at the workshop included representatives of the U.S. Department of Transportation’s National Highway Traffic Safety Administration, U.S. Department of Commerce Environmental Protection Agency and the American Automotive Policy Council (AAPC).

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APEC Project to Integrate SMEs in the Auto Sector Global Value Chain

The 22nd APEC Automotive Dialogue (AD) will push for the empowering of SMEs to penetrate the supply chain networks of automotive brand principals around the region. The AD will encourage member economies to support implementation of the Global Value Chain (GVC)-SME for the Automotive Sector (GSAS) Project proposed by the Philippines and Malaysia. This project aims to facilitate SME integration into GVCs in the automotive industry and build their capacity for sustainable and inclusive business growth. SMEs account for 97% of total APEC firms.

Automotive manufacturing has become more sophisticated and fragmented regionally to economize on scales. The developing economies have gradually shifted to the clustering pattern of automotive production and consumption following the developed countries’ track. It is high time that SMEs in Asia be provided with an enabling environment where there is an opportunity to engage in international trade.

The GSAS Project seeks to illustrate GVC mapping in the region, promote best practices in GVC integration, and identify non-tariff barriers to trade and investment. It will facilitate SMEs to develop practical solutions to address economic barriers.

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22nd APEC Automotive Dialogue to Draw up Roadmap for Electric Vehicles

APEC member economy officials and senior industry representatives will discuss the Roadmap for Electric Vehicle (EV) during the 22nd APEC Automotive Dialogue on April 22-24, 2015 at the Dusit Thani Hotel, Makati City. This year’s Automotive Dialogue adopted the theme “Integrating SMEs into the Automotive Global Value Chains”. The forum aims to encourage economies to move toward more integrated regional and global approaches to automotive policies. This bi-annual event will be attended by more than 140 participants from different member-economies which include Australia, Canada, China, Indonesia, Japan, Korea, Malaysia, Mexico, the Philippines, Chinese Taipei, Thailand, Viet Nam and the United States.

The formulation of Roadmap for Electric Vehicles is in line with the implementation of the APEC Actions to Promote Widespread Usage of Electric Vehicles which was approved during the 3rd APEC Regulatory Cooperation Advancement Mechanism on Trade Related Standards and Technical Regulations (ARCAM) Dialogue on International Electric Vehicles held on May 07, 2014 in China. The United States proposed a ten-point template to guide the economies in formulating the Roadmap. APEC member economy representatives will give their views and information on each point listed in the agenda.

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China Policy Update: 2015 Food Safety Law

China Policy Update: 2015 Food Safety Law

1. Since 2009, China is updating its food safety law for the first time. The revised Food Safety Law, which came into effect on October 1, 2015, has added 50 new articles compared with 104 in the original law and it is being touted as China’s toughest food safety law to date. The amendment is considered a move toward achieving the strictest ever supervision system for food safety.

2. The China Food and Drug Administration (CFDA, is the primary regulatory authority in charge of food safety. Other regulatory authorities such as General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ,, National Health and Family Planning Commission (NHFPC,, Ministry of Agriculture (MOA, will also regulate food safety and will coordinate and share information with CFDA with respect to food safety issues.

3. Revisions to the food safety law, along with recent amendments to Administrative Measures on the Recall of Food, the Consumer Protection Law and the Advertising Law, indicate that the Chinese government is now considering food safety to be of high priority. By ensuring food safety, China hopes to stimulate consumption of domestic products, especially in areas dominated by the foreign market such as infant formula. The new law grants regulatory bodies more authority, sets harsher penalties for violations, and introduces more guidelines for consumer product manufacturing and production.

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