Aug 25, 2010
Growing appetite for TCM
SINGAPORE's appetite for traditional Chinese medicine (TCM) products appeared to have grown during the global recession, in contrast to the waning interest in other countries.
The Singapore Traditional Chinese Medicine Organisations Committee (STOC) on Wednesday cited growing imports and declining exports of TCM products to reflect the greater interest.
Imports of Chinese medicine, health supplements, and related products such as ginseng and chicken essence, have gone up from $1.1 billion in 2007 to $1.6 billion in 2009, a 45 per cent jump.
Imports come mostly from China, with the rest supplied by Taiwan and Malaysia.
Meanwhile exports, comprising Singapore-made TCM products and re-exports, went down from S$6.9 billion in 2007 to S$5.2 billion in 2009.
Riding on this growing interest, organisers of the upcoming second Traditional Medicine Expo are expanding the exhibition space.
Organised by the STOC and the Singapore TCM College, the expo will showcase Asian traditional medicinal products.
Besides TCM, visitors can check out other medicinal traditions such as Jamu from Indonesia and Ayurveda from India.
This year's exhibition, to be held from Oct 15 to 17 at Suntec City, will feature Ayurvedic and TCM cooking demonstrations, as well as talks on natural products and health supplements.
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