DA, DTI set 1st PH Agriculture Trade and Investment Forum on May 24, 2018

DA, DTI set 1st PH Agriculture Trade and Investment Forum on May 24, 2018

Rising stars of PH’s agri-commodities banner forum in time for IFEX Philippines

Heirloom rice, calamansi, cacao and sampaloc are some of the ‘rising stars’ of Philippine agriculture set to be discussed in the country’s first Agriculture Trade and Investment Forum. 

Some of the country’s biggest and most promising food and agribusiness firms and prospective investors are set to converge and explore possible partnerships with their foreign counterparts during the first-ever Agriculture Trade and Investment Forum on May 24, 2018 at the New World Manila Bay Hotel in the city of Manila.

Jointly organized by the Department of Agriculture (DA) and the Department of Trade and Industry (DTI), the agribusiness forum will feature business-matching sessions and related activities with the end-goal of generating investments and market linkages that will create livelihood and income opportunities in the Philippine countryside.

One of the highlights of the one-day event will be an exhibit that will showcase the finest and diverse agricultural products from all over the country dubbed the “Rising Stars of Philippine Agriculture” as well the market and investment opportunities in the particular segments of the farm and fishery sector.

Attendees will be able to taste, touch and savor the products made from these emerging commodities, such as heirloom rice, “calamansi” (Philippine lime), “sampaloc” (tamarind), “suha” (also pomelo of the citrus family), pili nuts (Canariumovatum, endemic in the Bicol region), “silinglabuyo” (wild chili),“dalandan” (Citrus aurantium) and cacao.

The agribusiness forum is an official adjunct event of IFEX Philippines, the country’s biggest international food trade event, scheduled on May 25-27, 2018 at the World Trade Center Metro Manila and the Philippine Trade Training Center (PTTC) in Pasay City.

Both DA and DTI – through the lead efforts of the Office for Agribusiness and Marketing for DA, and the Center for International Trade Expositions and Missions (CITEM) for DTI – bank on the country’s improved business climate and stronger focus on agriculture and agribusiness development under the Duterte Administration to help guarantee the success of the event.

“The recent resurgence of the Filipino agri-fishery sector from the slow growth of the past created a positive mood which is undeniable across the nation’s agricultural landscape. The challenge now is how to sustain and translate this faster growth into more stable income and livelihood opportunities in the countryside, notably for the sake of smallholder farmers and fisherfolk,” said DA Secretary Emmanuel F. Piñol. “This forum is a strong step toward the attainment of that goal.”

DTI Undersecretary for Trade and Investment Promotions Group (TIPG) Nora K. Terrado said the agribusiness forum “will give foreign buyers and investors a holistic and experiential overview of our booming food market.”

“As a partner event of IFEX Philippines 2018, the Agriculture Trade and Investment Forum will be able to give foreign buyers and investors a holistic and experiential overview of our booming food market,” said Undersecretary Terrado, who is also the Officer in Charge of the Center for International Trade Expositions and Missions (CITEM). “In this forum, we are expecting delegates from new key markets,” she added.

She further said: “Participants in the forum can also join the business network activities led by DTI’s Export Marketing Bureau (EMB) or consult with government offices concerned right away in the one-stop shop consultation desks that will be put up.”

Top officials of DA and DTI are scheduled to speak during the forum. Secretary Piñol will present a value chain-based approach in his talk about ‘Mapping the Agricultural Trade and Investment Landscape of the Philippines’ to encourage stakeholders to explore the business opportunities in providing solutions to gaps identified in the value chain of agricultural products.

Meanwhile, DA’s Agribusiness and Marketing Assistance Service will discuss the promising agricultural products grown in the Philippines, through its talk on “Investing in the Rising Stars of Philippine Agriculture.”

Rowel Barba, DTI Undersecretary for Competitiveness and Ease of Doing Business Group, will talk about the ‘Philippine Competitiveness and Ease of Doing Business’ to tackle the integrated initiatives of the public and private sector in creating a conducive economic environment towards scaling up agribusiness and agri-investments.

The 12th edition of IFEX Philippines is organized by the DTI‐CITEM in partnership with the Department of Agriculture (DA), through the Bureau of Fisheries and Aquatic Resources (BFAR) and the Agribusiness and Marketing Assistance Service (AMAS).

Interested buyers or exhibitors can contact Ms. Zharita Bagayas, IFEX Philippines Lead Coordinator, at 831-2201 loc. 228 or at zbagayas@citem.com.ph,  and Ms. Alex Lucas at 831-2137 or e-mail her at alucas@citem.com.ph.