Wednesday, May 17, 2017

IFEX Philippines Draws More Southeast Asian Buyers as PH leads 30th ASEAN Summit

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More Southeast Asian trade buyers are expected to source the best of Philippine and Asian food products in the 11th edition of IFEX Philippines on May 19-21 at the World Trade Center Metro Manila (WTCMM) and Philippine Trade Training Center (PTTC).

“As one of the official trade events in the 30th ASEAN Summit, IFEX Philippines will further our aspirations toward a more inclusive, innovation-led growth in ASEAN bloc by matching global food buyers and food suppliers within the region,” said DTI-CITEM Executive Director Clayton Tugonon.

Based on DTI-CITEM’s latest tally on May 8, 23% of the confirmed trade buyers in IFEX Philippines are coming from ASEAN and South Asia; while 25% from the Middle East and Africa, 18% from Americas, 14% from East Asia, 11% from Europe, 4% from China and its special administrative regions (SARS), and 5% from Oceania.

This is a significant increase compared to the previous 2015 edition, wherein only 18% of the total international buyers came from ASEAN countries and South Asia.

“We are also proud to announce that more than half of our confirmed Very Important Buyers (VIBs) are first timers. Their presence is significant in streamlining new trade deals and partnerships,” said Tugonon. “We were able to convince them through our aggressive buyer campaign, complemented with the renewed global interest towards Filipino food fusions, as well as the diplomatic efforts of President Rodrigo Duterte to deepen the economic ties of the Philippines with other states.”

Based on the same tally, 64% of the confirmed VIBs are visiting IFEX Philippines for the first time. VIBs are representatives of established and reputable retail giants and supermarkets across the world.

Among retail giants participating from Southeast Asia is “The Mall Group,” which is one of the largest supermarket operators in Thailand, recording about 6 billion US dollar revenue in 2016.

Retail chains and supermarkets hailing from different regions also include the Hurxley Corporation from East Asia; Integral Foodservices from the Middle East and Africa; Bianca International Organic, Inc. from Americas; Migros, Albert Heijn B.V., Veld Co. and Decare from Europe; and Nanjing Grand Group from China.

Through DTI-CITEM’s partnership with the different embassies, the three-day event is also expected to host delegations of international buyers from Syria, Japan, Korea and Turkey.

To maximize sourcing opportunities, buyers in IFEX Philippines can join the IFEX Philippines Connect, an integrated business platform that matches buyers with potential food suppliers and other business partners.

Those engaged in the private label industry will also have the privilege to participate in the Grocers Exchange (GMART Program) to connect with private label suppliers.

To get a more comprehensive outlook on the Philippine market, international buyers have the option to join the guided tours on local big retail chains and supermarkets under the Store Visit Program, coordinated with the Philippine Amalgamated Supermarkets Association, Inc. (PAGASA).

They will also have a chance to win premier vacation in Pearl Farm Beach Resort, a five-star beach resort in Davao del Norte under the Luxe Escape Dream Destination Raffle Promo.

IFEX Philippines, Asia’s ethnic food & ingredients show, is the country’s biggest international trade exhibition on the Philippines’ and Asia's specialty food, with around 700 exhibitor companies, attracting wholesale buyers, importers and food distributors from all over the world.

IFEX Philippines is organized by the Department of Trade and Industry, through its Center for International Trade Expositions and Missions (DTI-CITEM), in partnership with the Department of Agriculture, through its Agribusiness and Marketing Assistance Service (DA-AMAS), and the ASEAN Committee on Business and Investment Promotion (CBIP), which is chaired by DTI.

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