Middle East enjoys taste of South East at Gulfood 2011
By American Chronicle published 1 year ago
Original Article Source: American Chronicle
Filed Under: Trade & Investment
International Enterprise (IE) Singapore, the lead government agency promoting international trade and Singapore companies' growth overseas, has recorded promising growth in food exports to the Gulf Cooperation Council (GCC) at a compound annual growth rate (CAGR) of 8.2% from 2008 to 2010. This promising export growth is a strong reflection of the growing interest for Southeast Asian flavours in the Middle East.
About the Singapore food manufacturing industry:
Over 700 Singapore food manufacturing players are engaged in various aspects of food production, with over half catering mainly to overseas markets. Some S$2bn, or 49%, of Singapore's food domestic exports was made up of exports to key markets like Japan, China, Malaysia and Indonesia. In 2010, Singapore's total food domestic exports amounted to S$4.04bn, up 15.07% from S$3.51bn on year.
About International Enterprise Singapore:
International Enterprise (IE) Singapore is an agency under the Ministry of Trade and Industry spearheading the development of Singapore's external economic wing.
Our mission is to promote the overseas growth of Singapore-based enterprises and international trade. With a global network in over 30 locations and our 3C framework of assistance - Connections, Competency, Capital, we offer services to help enterprises export, develop business capabilities, find overseas partners and enter new markets. At the same time, we work to position Singapore as a base for foreign businesses to expand into the region in partnership with Singapore-based companies.
For more info, visit www.iesingapore.com