PH food manufacturers tap Korean market

The Department of Trade and Industry-Export Marketing Bureau (DTI-EMB), together with Philippine Trade and Investment Center-Seoul, Department of Tourism (DOT), and the ASEAN-Korea Center, recently held a business matching activity between local food entities and major companies from South Korea at the SMX Convention Center in conjunction with the Madrid Fusion Manila 2016.

The seven Korean food companies interested in sourcing Philippine food products include FF Corporation, Bar Kor, Jinsung FM, Naesung Enterprise Co. Ltd., Nature Food, ILSHINNAPU, and Korea’s biggest fruit company, CJ Cheiljedang.

Lee Dong Go, Deputy Head of the ASEAN Korea Center and head of the Korean delegation, noted that active collaboration between the Philippines and Korea in activities like this is a reflection of the strong economic ties between the two countries. “I strongly believe that the Philippine food products have a high potential in securing competitive advantage in the global market,” he added.

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Korean food companies eye PH food products

04_07_16 usec nkt_korean IMG_3470aKorean food companies eye PH food products.

The Department of Trade and Industry (DTI) Undersecretary Nora K. Terrado (3rd from left) accompanied by Export Marketing Bureau (EMB) Assistant Director Anthony B. Rivera (2nd from left) welcomed Korean food business delegation led by Mr. Lee Dong Co (4th from left) of the ASEAN Korean Center (AKC) last April 7 at the DTI International Building, Makati City. The delegation, which aims to source food from the Philippines and help Filipino food exporters to understand the Korean food market, is composed of seven top Korean food companies represented by Mr. Lee Hoyeon of CJ Cheildjedang, (2nd from right) and one of Korea’s top chefs, Mr. Kim Jin Rae (1st from left). Also included during the courtesy call is Ms. Son Hee Jung (3rd from right) of AKC and Commercial Attache Emmanuel Niño Ang (1st from right).

DTI: PH GSP agreements attracting more Japanese manufacturers

DTI Secretary Adrian S. Cristobal Jr. said Japanese manufacturers are enticed to establish operations in the Philippines to take advantage of the country’ s preferential trade agreements with ASEAN, the European Union (EU), and the United States (US).

“Our two countries can work together to take advantage of the vast opportunities for growth in the ASEAN Economic Community as well as in other large markets to which the Philippines has gained, and intends to gain, wider, and deeper market access,” he said.

The ASEAN Economic Community which came into force on 31 December 2015 allows the Philippines duty free export privileges for almost 99 per cent of goods traded across member countries. The Philippines is also a beneficiary of preferential trade schemes of the US and EU under their respective General Systems of Preferences (GSP) and GSP+ trade schemes. In June 2015, the US reauthorized its GSP program which provides duty-free access to over 3,500 tariff lines or products from beneficiary countries including the Philippines. Meanwhile, the Philippines, which became a beneficiary of EU-GSP+ in December 2014, has duty-free access to EU’s 6,274 tariff lines. In the first half of 2015, with the EU-GSP+ in force, Philippine exports to the EU market grew by 27 percent as compared with total figures recorded in 2014.

Japanese firms were among the first to take advantage of these preferences to the EU, Cristobal pointed out. Among them, the renowned bicycle manufacturer Shimano, which invested JPY 3.5 billion to access the EU market through the Philippines.

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PH Trade officials meet with French delegates of the Shared Services Business Mission to the Philippines

French Delegates

Manila, Philippines – PH Trade officials meet with French delegates of the Shared Services Business Mission to the Philippines. Department of Trade and Industry (DTI) Undersecretary Nora K. Terrado (5th from left, front row) joined Philippine Ambassador to France, H.E. Ma. Theresa P. Lazaro (3rd from left, front row) and Department of Foreign Affairs (DFA) Undersecretary Laura Q. del Rosario (4th from left, front row) in welcoming top-level French delegates of the Shared Services Business Mission to the Philippines last March 16, 2016.

The business mission which was organized by the Philippine Embassy - Paris aimed at encouraging prominent French businesses, particularly those interested in setting up shared service centers or global in house centers (GICs), to explore opportunities in locating in the Philippines. Also present during the welcome event at the Carlos P. Garcia Hall of the DFA were Philippine Economic Zone Authority (PEZA) Group Manager for Promotion and Public Relations, Mr. Elmer San Pascual (leftmost front row), Mr. Jose Mari Mercado, President/CEO of the IT and Business Process Association of the Philippines (IBPAP) (fifth from right, front row), and Philippine Commercial Attaché to Paris, Mr. Froilan Pamintuan (rightmost, front row) (END).

DTI’s SlingShot MNL 2015 wins gold at the Anvil Awards


The Department of Trade and Industry’s Slingshot MNL 2015, the official event for startups during the APEC Hosting last 2015, won the GOLD Anvil Award last Feb 26.

Slingshot MNL is an initiative led by the Foreign Trade Service Corps (FTSC) of the Department of Trade and Industry (DTI) and the Philippine startup community in partnership with the leading startup institution in the country, IdeaSpace Foundation. SlingShot is considered one of the pioneering events for the Philippine startup community attended by over 1,300 attendees with over 30 resource speakers and 100 local startups. The Gold Anvil Award serves as recognition of its outstanding public relations program and its tools that meet the highest standards set in its category.

“Supporting and promoting our startup community is just a step forward to developing a national innovation system in the country that would help us prioritize the need to capacitate our local producers including budding micro, small, and medium enterprises (MSMEs) to be more competitive in the global market through innovation,” said Industry Promotions Group Undersecretary Nora K. Terrado.

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