Agrifood-tech encompasses the two concepts of “agritech” and “foodtech”, they are two key areas in the food supply chain. HKTDC Research interviewed Professor Lam Hon-Ming, Choh-Ming Li Professor of Life Sciences, School of Life Sciences, Chinese University of Hong Kong, to understand Hong Kong’s role and positioning on building the agrifood-tech industry chain.
As the growing world population and rising environmental concerns combine to place ever-greater demands on food resources, Hong Kong’s Mushroom-X is using new technology to grow both sustainable high-quality proteins, and also environmentally friendly biomaterials for packaging and construction.
A recent imposition of a border tax related to Brexit has incited significant disapproval from UK businesses. According to a report by Politico on 4 April 2024, trade associations are concerned that new inspection fees will contribute to inflationary pressures and reduce consumer options. The flat rate "common user charge" is intended to cover the expenses associated with veterinary and health inspections for animal and plant products.
The Food Safety and Inspection Service has announced that starting 1 July export certificates for meat and poultry products (excluding casings and egg products) exported to mainland China will be digitally signed in FSIS’ Public Health Information System.
Foreign investors looking to take advantage of the Philippines’ recent reform and incentive package should try to gain a more comprehensive understanding of the country’s key industrial sectors, especially those identified in the Strategic Investment Priority Plan (SIPP). This will help them capitalise on the opportunities that the Philippines offers.