Taiwanese aquaculture firms investing further in PH
Several Taiwanese aquaculture firms have been investing here as they started to see the Philippines as a potential production hub for seafood exports.
To be exact, at least 10 of the biggest aquaculture firms in Taiwan have recently
participated in the networking and business matching event with 70 Filipino potential partners at the first Taiwan Aquaculture Trade Mission, a report in Manila Bulletin showed.
According to the report, some members of the mission are looking at the production of crab, shrimp and fish for the exports market.
To recall, Philippines and Taiwan have just agreed earlier this year to enhance their cooperation in terms of promoting the aquaculture in the country.
Taiwan is also willing to share its advanced technology to help the Philippines improve its agriculture sector, particularly the aquaculture industry.
Known as the kingdom of grouper fish farmers, Taiwan has gained worldwide reputation for major advances in mass production and virus control in the fisheries sector.
In 2016, Taiwan exported a total of 700,000 metric tons worth $1.6 billion of high-quality seafood, such as tuna, bonito, grouper, squid, and saury, mainly to China, Thailand, and the US; making Taiwan the world’s 6th largest biggest frozen fish exporting country.
In the same year, Taiwan imported 450,000 metric tons worth $1.145 billion of seafood, such as salmon, shrimp, lobster, and abalone, mainly from China, Norway, Japan and Vietnam.