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Sial Asean Manila

– Asean – 30 April/02 May 2019 – http://sialasean.com B2B Platform for the Philippine Food Industry Seeing the Philippines as the most ideal gateway to the rest of the region with its equally unique and distinct food culture and promising economic potential, SIAL made history as it hosted the first-ever ASEAN leg in 2014 – merely marking the beginning of bigger things to come. A GROWING DEMAND FOR WESTERN PRODUCTS The Philippines is the 3rd food market in South East Asia A US$ 51.3 billion market, with an estimated growth of 3.6%  per year in 2014 and 2015* The Philippines is a net importer of agrifood products with a trade deficit of US$ 1 billion in 2013 Low taxation on food imports for products which do not compete with local productions: VAT on imported products between 10% and 12% Emergence of a young urban population, consuming foreign products A growing demand for “ready to eat” products (US$ 9 billion for packaged products) and fresh products with a high added value AN EXPANDING WINE MARKET US$ 106 million (8.8 million liters, dominated by non-sparkling wines) In 2012, retail wine sales reached nearly 15.8 million liters A healthy image conveyed around a moderate wine consumption Almost all the wine consumed locally is imported: US 27%, Australia 20%, Spain 14%, Singapore 8%, Chile 7%, France 6.5% and Italy 5% Imports are rising steadily and have been increasing by 13.5%on average over the last 5 years A MARKET WITH HIGH POTENTIAL The Association of South East Asian Nations: The ASEAN was created in 1967. It is one of the most dynamic regions in the world. Geo-political and economic organisation of 10 countries: the Philippines, Indonesia, Malaysia, Singapore, Thailand, Brunei, Burma, Cambodia, Laos, and Vietnam These 10 countries are all part of the ASEAN Free Trade Area (AFTA) since 1993 and will constitute a single market by 2015 European Union’s 3rd trading partner* GDP growth rate of 5.8% per year 618 million consumers: 10% of the world’s population Uprising middle class: GDP per person tripled in ASEAN between 1994 and 2011   THE PHILIPPINES Philippines, the strongest growth rate in South East Asia A population of 100 million inhabitants (2013), 12th most populated country in the world 65% of the population is under 30 years old Continuous economic and commercial reform: WTO, ASEAN, free trade agreement between ASEAN and Asia-Pacific countries Highest GDP growth rate in ASEAN: 6.6% per year* Western way of life: Spanish and American influence One of the highest English-literate workforces in the world

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