The Department of Trade and Industry (DTI) is hoping to develop new markets for Filipino food products in some European countries, including Switzerland, Liechtenstein, Norway, and Iceland, according to a report by ABS-CBN News.
“The reason we would like to promote our food products in those countries is because we recently ratified a free-trade agreement on a couple of commodities that are under the food and processed food products. When they enter these markets it would be zero tariff, so it is beneficial for our manufacturers to promote in these countries,” explained DTI Trade and Investments Promotions undersecretary and Center for International Trade Expositions and Missions (CITEM) officer-in-charge Nora Terrado.
She also said during the recently concluded International Food Exhibition (IFEX) Philippines that the country is further strengthening its presence in key markets or the country's biggest export markets including the US, China, Japan, Germany, and South Korea.
This despite the downward trend for food product exports. Electronics and semiconductors remain the top export products of the country, covering more than 50 percent of total exports.