Home News Singapore all set to import poultry and livestock products from the Philippines

Singapore all set to import poultry and livestock products from the Philippines

Author

Date

Category

- Advertisement -

“The Philippines and Singapore agreed to fast-track agricultural trading negotiations to allow the export of pork, chicken and eggs, vegetables and shrimps to the tiny but rich country by early next year,” Agriculture Secretary Emmanuel F. Piñol said.

According to the Agriculture Secretary, Singapore is also interested in vegetables produced in Bukidnon, high-value rice such as brown rice and organic rice and vannamei shrimp.”

Piñol stated that the only thing that can impede the transport of Philippine farm products to Singapore is the Chinese New Year, when the country becomes occupied with its traditional festivities.

While the Agriculture Secretary did not divulge the estimated value of expected income with its entry to the Singaporean market, he made clear that the Philippines would be filling in the supply gap that was created by the decline of Malaysian agricultural shipments.

- Advertisement -

Singapore’s Import-Export industry
Singapore transported US$373.2 billion worth of products all over the world in 2017. The figure represents approximately 2.3% of total global exports projected at $15.952 trillion in the previous year.

In an international context, three-quarters (75.4%) of Singaporean exports by value are delivered to other Asian countries while 9.5% are purchased by European importers.

Additionally, Singapore transported another 7% worth of products to North American clientele while a smaller percentage (2.2%) went to Latin America excluding Mexico but including the Caribbean.

The Philippines is on the list of Singapore’s roster of top trading partners with exports totaling  $7.3 billion.

Philippines-Singapore relations overview
The Philippines and Singapore are both founding members of the ASEAN and relations between the two countries have stayed robust and energetic through the years.

The Philippines is Singapore’s 14th largest trading partner worldwide with a total bilateral trade of US$9.57 billion in 2017. The country is also the Philippines’ 3rd biggest investor worldwide, with US$ 201.49 million in 2017.The leaders of Singapore and the Philippines declared the outstanding bilateral relations between the two countries, and acknowledged that that there are numerous opportunities to advance, expand and intensify bilateral relations, including strengthening security cooperation.

Send in your scoop to news@theindependent.sg 

- Advertisement -

Man attacks teen, calls him a virus, damages his phone

Singapore—A sudden attack took a teen by surprise when one man started yelling at him, physically harming him, and throwing his phone into a nearby drain at around 10.30pm on Tuesday (Feb 23) on a section of the road near the...

3 migrant workers die after 10 injured in Tuas industrial building blast

Singapore – Three of the 10 workers injured in an explosion at an industrial building in Tuas on Wednesday (Feb 24) died on Thursday. The Singapore Civil Defence Force (SCDF) responded to a fire at No. 32E Tuas Avenue 11 at around...

Film producer says Myanmar maid called her family, wanting to go home, two weeks before she died

A video producer who visited the family of Piang Ngaih Don, the Myanmar maid beaten and starved to death by her employers in 2016, says Ms Piang somehow managed to call her family just two weeks before she died. She told...

Send in your scoop to news@theindependent.sg 

Theindependent