Singapore F&B exports to UAE up 67% to $171m

Singapore F&B exports to UAE up 67% to $171m
SINGAPORE’S food shipments to the United Arab Emirates (UAE) jumped 67 per cent to hit $171 million in 2007, International Enterprise Singapore said yesterday.
The republic’s exports of food and beverage (F&B) products have more than doubled since 2005; and with the UAE’s recognition of the Halal Certification System of the Islamic Religious Council of Singapore since 2006, the uptrend is likely to continue, said the government’s trade promotion arm.

‘Singapore F&B products are known not only for their taste and high standards of production, but also their creativity and variety in the Middle East, and that has boosted the demand for Singapore’s F&B’, said Lim Ban Hoe, regional director for Middle East and Africa at IE Singapore.

Some of these products will be on show at Gulfood 2008, the largest trade show for the F&B sector in the Middle East, which is taking place from Feb 24 to 27 at the Dubai International Convention and Exhibition Centre.

Some 22 Singapore firms are taking part, among them vendors of local snacks like roti prata and frozen rice balls, freshwater fish, coconut and pineapple based foods, dumplings and dim sum, vegetable oils like palm and sunflower, 3-in-1 coffee, soya sauce, rice noodles, and fruits and nuts.
 
A firm selling disposable microwavable containers - perhaps the only non-edible Singaporean product on display - will also be present.

Singapore has some 700 food manufacturers, with more than half catering to overseas markets. Total trade generated by the industry in 2007 was $17.6 billion, up more than 15 per cent from the previous year.

Two-fifths of exports went to key markets like Japan, Malaysia, China and Indonesia.

Source : Business Time  - 25 Feb 2008

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985

mindy@mindyyong.com

Spend big, spend fast or it will be ugly: Obama »« Singapore to develop new ways to get citizens working longer