On the sidelines of the meeting of the 11th Ministerial Conference of the World Trade Organization, DTI Secretary Ramon Lopez discussed with an Argentinian investor how to expand sourcing of local seaweeds. Sec Lopez met with one of the owners of food ingredient-producer Farmesa, which has a plan to set-up a seaweeds processing plant in the Philippines.
The Philippines will be their first manufacturing operations outside Argentina, according to Mr. Agustin Perez, Head of Farmesa’s International group. Mr. Perez confided that aside from the big potential of locally sourcing seaweeds, he finds the Philippines business environment stable and the economy very dynamic, which add on to his confidence in pursuing their growth story in the Philippines. He cited the country as one of the fastest growing economies in the world.
FARMESA, is an Argentinian family enterprise that specializes in the R&D, production, and exportation of food additives and ingredients to several food companies worldwide. Sec. Lopez reaffirmed that their expansion plans can bring them closer to both the source of their main ingredient seaweeds, as well as the market of their products in the Philippines and Asian region.
They recognize as well the potential of harnessing the FTA and GSP trade arrangements that the Philippines have with other countries in the region as well as in US and EU.
Secretary Lopez lauded Farmesa for their decision to choose the Philippines ahead of other candidate countries for the company´s expansion. The availability of raw materials plus the strategic location of the country factored highly in the country’s evaluation. They currently had to source seaweeds from several Asian countries and bring it to Argentina for processing. Now they can focus their sourcing in the Philippines and do the processing right in the country. While they have existing client companies, they plan to export bulk of their production.
Secretary Lopez reassured the investor of President Duterte’s commitment that there will be no corruption in their dealings with government and to ensure their ease of doing business, the full assistance of the Board of Investments and PEZA will be extended when they start to implement their plans to produce and export.
Also in the meeting were the Board of Investments Managing Head, Undersecretary Ceferino Rodolfo, and DTI’s Mexico-based Commercial Counselor for Latin America Vichael Angelo Roaring.♦
December 20, 2016
THE average Mexican downed 64 liters of alcoholic drinks in 2014. That’s roughly the amount of water required to fill up a decent-sized kiddie pool.
And, according to Euromonitor International, this will continue growing to almost 70 liters per person per year come 2019. With a population of around 123 million people, that’s an untapped market Filipino alcohol exporters shouldn’t ignore.
The year 2015 saw a rise in alcohol consumption in Mexico, particularly... Read more
Mexican National Association of Importers and Exporters (ANIERM), ProMéxico, the Mexican federal agency in charge of promoting international trade, and the Mexican National Bank of Foreign Trade (BANCOMEXT) recently featured the Philippines as they hosted the annual FERIA INTERNACIONAL DE COMERCIO EXTERIOR E INVERSIÓN, according to the Department of Trade and Industry’s Philippine Trade and Investment Center – Mexico (DTI – PTIC Mexico).
On the said event, the Philippines highlighted trade and investment potentials and introduced various services of the newly-opened Philippine Trade and Investment Center of the Philippine Embassy in Mexico City. According to PTIC-Mexico, many delegates showed interest in doing business with the Philippines.
Ambassador Eduardo Jose de Vega inaugurated the Philippine booth together with ANIERM President Arturo Perez Behr, and DTI’s newly appointed Commercial Counsellor and head of PTIC Mexico Vichael Angelo Roaring.
“As we open our first office in Mexico, we hope to assist more investors and businessmen who are interested in doing business in the Philippines,” said Roaring.
ANIERM is the representative organization of International Trade in México. It is known for its long-standing program of linking public and private entities, with the objective of creating and maintaining a suitable environment for entrepreneurial activities and the increasing the volumes of international trade between México and the world. The second edition of the event hoped to serve as a platform develop business opportunities between importers, exporters, service providers and investors.
The Philippine booth featured information brochures from the DTI and other Philippine trade and tourism promotion videos.
In photo (from left to right): DTI Commercial Counsellor to Mexico Vichael Angelo Roaring, Philippine Embassy Mexico's Vice Consul Mikhal de Dios, Philippine Ambassador to Mexico Ambassador Eduardo Jose de De Vega.