Philexport to double exports to $100 B
By EDU LOPEZ
March 8, 2011
MANILA, Philippines – The Philippine Exporters Confederation (Philexport) is aiming to double exports to over $100 billion in five years by 2016 from last year's total merchandise exports of $ 51.3 billion.
The target quantifies the goal of the newly approved three-year Philippine Export Development Plan (PDEP) drawn up by private and public sector leaders under the Export Development Council (EDC).
"The target is modest in comparison to last year's 33.1 percent jump. It aims to post an 11 percent year-on-year growth between now and 2013 as the sector gets back its' bearings," said EDC vice chairman Sergio R. Ortiz-Luis, Jr. and concurrent Philexport president.
"Faster growth is expected to take off between 2014 and 2016 when we put in place an agro-industrial development program for the resource-based industries," said Ortiz-Luis.
The new plan has made major adjustments in strategy in the fields of policy directions, product development, marketing and promotions in the aftermath of the 2008-2009 global recession.
It took full consideration of the fact that the full recovery of the export sector last year was driven by dramatic hikes in imports by Asian countries whose economies proved more dynamic than the country's traditional markets in Europe and the United States whose imports from Philippines continued to decline.
In the immediate term, the new strategies will be funded by pooling the promotional budget resources of the Department of Trade and Industry, the Department of Agriculture, the Board of Investments, the special economic zones and the Department of Agriculture into a synchronized and orchestrated investment and trade promotions offensive.
This will be done as stakeholders work for the establishment of a National Export Development and Competitiveness (NEDAC) fund patterned after the Export Support Fund granted once by the past administration and administered by the EDC and the DTI at the height of the two-year global recession.
The target quantifies the goal of the newly approved three-year Philippine Export Development Plan (PDEP) drawn up by private and public sector leaders under the Export Development Council (EDC).
"The target is modest in comparison to last year's 33.1 percent jump. It aims to post an 11 percent year-on-year growth between now and 2013 as the sector gets back its' bearings," said EDC vice chairman Sergio R. Ortiz-Luis, Jr. and concurrent Philexport president.
"Faster growth is expected to take off between 2014 and 2016 when we put in place an agro-industrial development program for the resource-based industries," said Ortiz-Luis.
The new plan has made major adjustments in strategy in the fields of policy directions, product development, marketing and promotions in the aftermath of the 2008-2009 global recession.
It took full consideration of the fact that the full recovery of the export sector last year was driven by dramatic hikes in imports by Asian countries whose economies proved more dynamic than the country's traditional markets in Europe and the United States whose imports from Philippines continued to decline.
In the immediate term, the new strategies will be funded by pooling the promotional budget resources of the Department of Trade and Industry, the Department of Agriculture, the Board of Investments, the special economic zones and the Department of Agriculture into a synchronized and orchestrated investment and trade promotions offensive.
This will be done as stakeholders work for the establishment of a National Export Development and Competitiveness (NEDAC) fund patterned after the Export Support Fund granted once by the past administration and administered by the EDC and the DTI at the height of the two-year global recession.
No comments:
Post a Comment