Israel Ambassador to the Philippines Ilan Fluss(file photo) MANILA - The Philippines and Israel will craft a roadmap to boost trade and investment relations between the two countries through their new Joint Economic Commission (JEC). Israel Ambassador to the Philippines Ilan Fluss said in an interview Friday the first JEC meeting between the two governments will likely start within the year. "We are waiting for the new administration to come in, and then we'll develop a roadmap that will be mutually agreed (upon)," Fluss told reporters. This, as Department of Trade and Industry (DTI) Secretary Ramon Lopez and Israeli Minister of Economy and Industry Orna Barbivai, signed a memorandum of understanding (MOU) establishing the JEC last June 7. The Israeli envoy said the JEC will open up huge economic opportunities for the two countries in terms of trade and investments, he said "we are not tapping the potential". Fluss said with the reopening of the Philippine econo
The Embassy of Israel in the Philippines, in partnership with IdeaSpace-QBO Innovation Hub (QBO), hosted a Qlitan Networking night to motivate and uplift the startup industry in the Philippines.
Department of Trade and Industry Sec. Ramon Lopez and Chief Scientist and Chairman of the Israeli Inno
AS the world continued to grapple with the slowdown in global trade, the country’s export earnings and import receipts posted their slowest growth since last year, according to preliminary data released by the Philippine Statistics Authority (PSA). Based on the PSA data, the country’s exports grew 6 percent year-on-year in…
The Department of Trade and Industry wants the discount privileges granted to senior citizens and persons with disabilities honored in e-commerce platforms.
DTI Secretary Ramon Lopez MANILA - Philippine merchandise exports grew by 6 percent in April, with a value reaching USD6.1 billion, based on preliminary data from the Philippine Statistics Authority (PSA). Of the USD348 million additional exports in April 2022, coconut products contributed USD164 million or 47 percent of the incremental export sales for the month. This was primarily driven by exports of coconut oil which grew 2.5 times its export level compared to last year. Since February 2021, exports of coconut oil have been increasing at double-digit growth rates. For the first four months of the year, export sales increased by USD2.1 billion as compared to the same period last year. A quarter of these incremental exports comprises sales of coconut products. In total, exports increased by 8.9 percent to USD25.6 billion from USD23.5 billion in 2021. Based on the PSA's preliminary data, April 2022 was estimated to be 14.5 percent higher than the pre-pandemic average from 2017 to