A meeting uniting Singapore businessmen with Mexican fish producers. (Photo: SAGARPA)
Singapore businessmen strike deals with Mexico
Thursday, June 10, 2010, 22:40 (GMT + 9)
Singapore businessmen met with Mexican producers to discuss the possibility of doing business in the field of fisheries and aquaculture and strengthen bilateral trade relations, said the National Commission of Aquaculture and Fisheries (CONAPESCA).
The meeting was an outcome of the trade mission that the head of the Secretariat of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA), Francisco Mayorga Castañeda, led at Expo Foodex 2010 in Tokyo, Japan, in February past.
During the meeting, the businessmen recognised the potential of fisheries and aquaculture resources in Mexico.
The Singaporian entrepreneurs represented the Veterinary Authority and Singapore Agri-food, Eastern Harvest Foods Pte Ltd, Fish International Sourcing House Pte Ltd, Jurong Cold Store Pte Ltd, Nippon Suisan (Singapore) Pte Ltd, Sakae Holdings Ltd, Seawaves Frozen Food Pte Ltd and The Seafood Company, through the company International Enterprise Singapore.
At the meeting, the products which Mexico has to offer and buy were mentioned. For instance, Mexican producers stressed that Sinaloa, one of the most important states in aquaculture could export shrimp, squid, conch and scallops, among other products.
According to data provided by the Information Service for Food and Fisheries (SIAP), in 2008 Mexico exported 102 000 kilograms of seafood (abalone, clams, conch, and sardine) to Singapore for USD 3.5 million.
Singapore does not produce food and has a Gross Domestic Product (GDP) four times greater than that of Mexico, which represents a great opportunity to send Mexican fisheries and aquaculture products.
By Analia Murias
Photo Courtesy of FIS Member SAGARPA - Secretaria de Agricultura, Ganaderia, Desarrollo Rural, Pesca y Alimentacion