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Follow on Google News | Singapore – Vibrant Food Manufacturing hub in the makingThe (FIRS) database launched on 24 July is part of SPRING’s efforts to help exporters access overseas markets by providing them with information on standards, technical and compliance requirements that could pose barriers to Singapore exports
By: Satish Bakhda The Food Import Regulations and Standards (FIRS) database (www.spring.gov.sg/ This database provides a country-by-country listing of food regulations. This list provides a summary of general requirements and technical standards for food imports into various countries. For a start, the database features 30 countries, including markets like Japan, the Middle East, Russian, European Union member countries and the United States. SPRING will continue to update and expand this list. The information on the FIRS database will be reviewed and updated regularly with the evolving developments in export requirements. The general requirements and technical standards for food imports of more countries and links to the websites of relevant customs in the countries listed will be added. Not being confined to the small local market, Singapore food manufacturers are also keen on capturing the conventional overseas markets as well as emerging global markets. But challenges to these Singapore exporters come in the form of standards, technical regulations and compliance requirements. Often these are the non tariff barriers imposed by the developed markets of Europe and USA. Understanding such stipulations is a prerequisite but a daunting task. SPRING endeavors to assist the manufacturers in their pursuit to expand the export market by developing a comprehensive resource base. Last year, SPRING Singapore launched of the Export Technical Assistance Centre (or ETAC). It was warmly received by many local companies as the answer to their need for the latest information on standards and technical regulations that will help Singapore food manufacturers export overseas. It also connects exporters with relevant experts to provide technical assistance to upgrade their processes to meet overseas market requirements. There are nearly 700 food manufacturing establishments in Singapore, engaging in various aspects of food production, out of which more than half are catering mainly for the export markets. In 2006, Singapore food exports globally reached $5.6 billion. Beyond traditional markets, local food manufacturers are looking to emerging markets in India, the Middle East, Russia and Eastern Europe. In 2006, Singapore’s food exports to these emerging markets including India made up 5.3% of total food exports, with an estimated export value of $300 million. The top five export markets were Japan, Malaysia, Indonesia, China and Australia. Within the European Union, the United Kingdom was the largest export market for Singapore food manufacturers, followed by Finland, Belgium, Netherlands and Germany. Welcoming the launch of the website Ms. Ragini Dhanvantray of (http://www.rikvin.com) Rikvin Consultancy Said ”Singapore’ Skilled manpower agencies, Biotechnology companies catering to the Food manufacturers are also flourishing in this wave of growth, and are keen to set up their operations here to leverage on the benefits of the industry ecosystem which the Government is devotedly nurturing through such commendable efforts” Singapore is ranked 1st for the ease of doing business in Asia (World Bank report: "Doing Business 2007: How to Reform") and 1st for being the least bureaucratic place for doing business in Asia (Political and Economic Risk Consultancy, June 2006). These are remarkable testimonial to Singapore’s reputation as the ideal location for any business. Rikvin consultancy provides highly professional company incorporation services, both in attractive standard packages as well as customized services. Online incorporation being a hallmark service, other services of Rikvin include Offshore Incorporation Singapore Immigration -EntrePass / Employment Pass GST Registration Accounting Services Tax Planning & Consulting Business Plan DraftinG # # # For more information, please visit http://www.rikvin.com Rikvin consultancy started in 1995 is an incorporation specialist specializing in company incorporation, registration and administration processing for all business types and sizes in Singapore and throughout the world. Rikvin facilitates foreign entrepreneurs’ Website: www.rikvin.com End
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