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On May 27, the two sides held an India-Philippines Virtual Business Conference on Marine Fisheries and Aquaculture
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Indian Ambassador to the Philippines Shambhu Kumaran said at the meeting that the opportunities that the two countries can share through mutual cooperation are huge.
After the epidemic, health and food security are very important.
We must work together to make our food more adaptable to climate change.
Make the supply chain stronger and more dynamic
.
After the epidemic, health and food security are very important.
We must work together to make our food more adaptable to climate change.
Make the supply chain stronger and more dynamic
.
The two countries have great potential for resource sharing in the tuna industry, because India can produce canned tuna, while the Philippines has expertise in tuna processing and canning
.
The Philippine fishing fleet is eager to operate in India, and tuna processing plants and canning plants are also willing to build processing facilities there
.
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The Philippine fishing fleet is eager to operate in India, and tuna processing plants and canning plants are also willing to build processing facilities there
.
Francisco Buencamino, executive director of the Tuna Canners Association of the Philippines (Tuna Canners Association of the Philippines), said that it is more advantageous for Philippine companies to import raw tuna from India and process it in the Philippines because the island country enjoys a lower level of tuna exports to the EU.
Tariffs
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Tariffs
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Tuna is the Philippines’ main seafood export project, with annual sales of approximately US$350-400 million
.
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At the same time, using India’s knowledge of shrimp and crab farming technology, aquaculture companies in the Philippines can gain huge benefits
.
As the world's largest shrimp producer and exporter, India can help the Philippines reduce and treat shrimp diseases.
The goal is to increase the production of Philippine shellfish farms
.
.
As the world's largest shrimp producer and exporter, India can help the Philippines reduce and treat shrimp diseases.
The goal is to increase the production of Philippine shellfish farms
.
