Singapore is Australia’s largest trade and investment partner in the ASEAN region. This relationship is particularly strong for the food and agribusiness sector. Due to the limited land available for agriculture, Singapore imports over 90 per cent of the food consumed by its population of approximately 5.5 million people.
This has created ample opportunities for Australian food and agribusiness companies to export to Singapore. It is a great place for Australian businesses to begin their export journey as Singapore has no applicable tariffs or duties on food and agribusiness products.
Key sector opportunities exist in the following categories:
- Quality meats
- Functional/health food
- Organic food
- Private label
- Value-added products
Food + Hotel Asia 2018 was the largest FHA to date, with a comprehensive array of products, activities and workshops spread over 119,500 square metres. FHA 2018 also had the highest participation yet, with 3,526 exhibitors from 76 countries/regions and an impressive 72 international group pavilions. The FIAL stand was 63 square metres, which was 43% bigger than the stand in 2016. For the first time, FIAL partnered with CSIRO on the stand.
At FHA 2018, the FIAL stand had over 1600 connections, with over 190 connections being considered as ‘hot leads’ by the Australia food and beverage suppliers on the stand.
Read the full report for more information.