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Manila Bulletin devider Philippines devider National devider Agri collaboration eyed in PH trade visit to Malaysia on April 23-24

Agri collaboration eyed in PH trade visit to Malaysia on April 23-24

Published Mar 14, 2024 08:57 am

A group composed of private businesses in the Philippines will conduct a trade visit to Malaysia next month to collaborate on agricultural ventures, which could result in better trade and investment ties among Southeast Asian countries.

In a statement, non-profit organization Go Negosyo said the trade visit will happen from April 23 to 24.

Part of the agenda “are the exploration to share best practices and the creation of commercial values in agricultural commodities for both countries.”

The commodities to be explored are palm oil, rubber, rice, dairy, poultry, pineapple, durian, banana, coconut, and corn.

“Other possible areas to be explored during the visit are agarwood inoculation technologies and the possibility of streamlining international and domestic testing compliances,” the statement said.

The details of the planned trade visit were discussed in a meeting organized by proponents of the Kapatid Angat Lahat sa Agri Program (KALAP) led by Association of Southeast Asian Nations’ Business Advisory Council (ASEAN-BAC) Philippines Chairman and Go Negosyo founder Joey Concepcion.

The meeting brought together some of the country’s largest agriculture companies—Universal Leaf Philippines, Yovel East Agriventures, Lionheart Farms, and Iba Botanicals.

Other stakeholders were also represented by the Philippine Rice Industry Stakeholders Movement, the Philippine Rubber Industry Council, and the UNAHCO – Philippine Association of Feed Millers.

The discussions were led by Go Negosyo senior advisers former Department of Agriculture (DA) Secretary Dr. William Dar and Josephine Romero, while the ASEAN-BAC was represented by Executive Director Gil Gonzales.

The trade mission came after the signing of a memorandum of understanding (MOU) last year between ASEAN BAC Philippines and ASEAN BAC Malaysia.

In the MOU, both countries agreed to engage in promoting trade, investment, and other development partnerships in agriculture.

The meetings next month will be conducted through the ABAC Malaysia B2B Connect Initiative (BCI) led by Malaysia’s former trade minister Dato’ Sri Mustapa Mohamed.

It will also be participated in by industry leaders from both the public and private sectors to explore projects to be undertaken under the MOU.

The meeting with Malaysia’s private sector is expected to kick-off similar activities between ABAC Philippines and the other signatories of the MOU, such as Indonesia, Singapore, Cambodia, Myanmar, Brunei, Laos, and Thailand.

Related Tags

Go Negosyo Joey Concepcion Malaysia private sector
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