ASEAN KEY DESTINATIONS
Asean food companies take on Indo market
According to data from the Indonesia Food and Beverages Association (Gapmmi), food from Asean nations made up $19.41 million, or 43.26 percent, of total processed food imports in the first quarter this year. Total processed food imports in the quarter hit $44.8 million. The association did not provide more comparative figures.
Gapmmi secretary general Franky Sibarani said the implementation of the Asean Free Trade Agreement had boosted imports of processed foods from other Asean countries.
“Imports are higher because now it is easier among Asean countries. Vietnam has begun exporting processed food here, while Malaysia and Thailand are still aggressive,” he said, adding that imported food from Asean countries reached 46 percent of total food imports last year.
Imports from Malaysia in the first quarter were worth $6.7 million, followed by Thailand with $5.3 million and Singapore with $3.6 million. Vietnam accounted for just $915,000, but Franky said it had only recently entered the Indonesian market.
China accounted for $5.4 million of imported processed food.
“While our neighbors are preparing for the upcoming AEC and actively improving their competitiveness, we are still faced with classic issues such as a high interest rate, lack of infrastructure, tariff or protectionism policies and gas supplies,” he said.
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