Latin American Chamber of Commerce, Singapore, and Brazilian Association of Food and Beverage Importers and Exporters (ABBA), forge stronger ties with the signing of a memorandum of understanding.
Date: November, 2020
Latin American Chamber of Commerce, Singapore, and Brazilian Association of Food and Beverage Importers and Exporters (ABBA), forge stronger ties with the signing of a memorandum of understanding.
SINGAPORE — The Latin American Chamber of Commerce Singapore (LatAmCham) Brazilian Association of Food and Beverage Importers and Exporters (ABBA) have formalized their commitment to enhance bilateral cooperation through the signing of a Memorandum of Understanding (MOU). The signing ceremony took place on November 2020, in Singapore, marking a pivotal moment in the collaboration between these two influential organizations.
Representatives from LatAmCham, led by Angela Torres H., CEO & Founder of LatAmCham, and Brazilian Association of Food and Beverage Importers and Exporters (ABBA), represented by Raquel Salgado, Executive President, gathered at the signing ceremony to solidify the partnership.
The MOU signifies a commitment to strengthen economic and trade relations between Singapore and Brazil, with a particular focus on fostering cooperation in the Food & Beverage industry. Key components of the agreement include:
Market Access and Trade Facilitation: LatAmCham and ABBA will collaborate to identify and explore avenues for expanding market access for Brazilian F&B companies in Singapore and the broader Southeast Asian region. Efforts will be made to streamline trade processes and facilitate the exchange of relevant market information.
Business Networking and Promotion: The agreement emphasizes the importance of creating opportunities for businesses from both regions to connect and collaborate. Joint initiatives such as trade missions, business forums, and promotional events will be organized to facilitate networking and partnership-building.
Research and Development: LatAmCham and ABBA will explore collaborative efforts in research and development to enhance the quality and competitiveness of Brazilian F&B importer companies in the Singaporean market. This includes knowledge-sharing, technology transfer, and joint projects aimed at improving commercial practices.
The signing of the MOU between LatAmCham and ABBA represents a significant step forward in fostering economic ties and promoting collaboration between Singapore and Brazil. Both organizations are committed to leveraging this partnership to create new opportunities for businesses and contribute to the growth of the fruit industry in the Southeast Asian region.
ABBA was founded in 2002 with the mission of defending the interests of small and medium-sized importing, exporting, and producing companies in the ready-to-eat Food and Beverage sector. The strong point of its activities is to open paths and enhance business for member companies, aiming to promote national and international trade of its members' products.