| Chinese food processing and packaging machinery enterprises show on the Expo |
| Friday,October 19,2007 Posted: 09:13 BJT(0113 GMT) www.caexpo.org |
With strengthening ASEAN-China cooperation and particularly the establishment of China-ASEAN Free Trade Area (CAFTA), a big market is emerging. Statistics shows food import and export trade between ASEAN and China increases each year. Applications from food processing and packaging machinery enterprises in the 4th CAEXPO exceed the planned booths and 213 participants are confirmed so far- most professional powerful companies in China. ASEAN-China food market faces new opportunities, experts say. CAFTA launched tax lowering process in 2005-both the rate of packaging machinery will be further reduced or canceled- undermines big profit and trade growth opportunities. Most ASEAN food industries are underdeveloped. Though Indonesia and Malaysia has traditional food industry they are confined in small scale. Food processing in Philippines, Vietnam, Laos, and Myanmar are mainly primary products. Food industry in Cambodia is almost blank and relies on imports. Meanwhile China makes the supplement in relatively complete varieties and rich food sectors. Also made in China food is said easier for ASEAN people’s acceptance due to close distances, culture proximity and easy communication. On the other hand, China has complete food industry categories with big enterprise scale, strong processing capability and rich product mix. While most ASEAN countries have vast food raw materials and the labor is cheap-sees broad prospects for cooperation. Experts say the breakthrough for ASEAN food enterprises to share the cake is to attend regional influential exposition. Significance of CAEXPO is becoming known year by year. In the 3rd CAEXPO held in last year 190 booths were set in Food Packaging Machinery Pavilion with 111 participants. Export value reached 23.3717 million USD, of which contract value covered 17.09 million and intensive 6.2817 million. Source : China-ASEAN EXPO Secretariat |
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