Polish companies to export food worth over EUR 1 mln to Singapore
Over 40 containers filled with Polish foodstuffs are to reach Singapore in the coming months. The signed contracts are worth around PLN 5 million (EUR 1.13 million) and experts believe that there will be more long-term deals.
Singapore imports 90 percent of the foodstuffs sold there. As the coronavirus pandemic had broken existing supply chains, in mid-April the Singapore Food Agency (SFA) announced it was seeking new food suppliers. As a result, seven Polish food suppliers signed contracts with Singaporean companies.
The first batch of Polish eggs reached Singapore last Friday. More Polish foodstuffs, including frozen vegetables and fish, as well as chocolate and non-alcoholic beverages, will be delivered to Singapore between June and August. Singaporean Minister of Trade and Industry Chan Chun Sing said this was another step being taken by Singapore to diversify its sources of foodstuff deliveries.
On May 29, Poland and Singapore signed a joint statement in which they declared to safeguard a faster flow of goods, in order to help Singapore ensure better access to basic food products.
PAP was told by Head of the Polish Investment and Trade Agency (PAIH) office in Singapore Magdalena Smolak that the local market had already opened. "We hope this will be the beginning of regular deliveries," she stated.
According to the Polish Central Statistical Office (GUS), Polish-Singaporean trade totalled USD 821.8 million in 2019, up by 4.7 percent year on year after a three-year drop. In 2015, bilateral trade was worth USD 1.9 billion.