Senator Loren Legarda(File photo) MANILA-Senate President Pro Tempore Loren Legarda on Wednesday cited the significant gains of the country's economy since the free trade agreement (FTA) with the European Free Trade Association (EFTA) in the last five years. Legarda, chair of the Committee on Foreign Relations, said the Philippines has maintained its strong foothold in the European market since the enforcement of EFTA in 2018. EFTA states are Switzerland, Norway, Iceland, and Liechstenstein. "Given the current developments with our cooperation with EFTA states, I am confident that the partnership would be beneficial to our economy. The preference utilization rate of the Philippines continues to improve, from 30 percent in 2019 to 31 percent in 2020 as per the Department of Trade and Industry (DTI)," Legarda said in a statement. From 2018 up to the third quarter of 2022, the Department of Trade and Industry (DTI) said the Investment Promotion Agencies (IPA)-approved Swiss
Senator Loren Legarda(File photo) MANILA-Senate President Pro Tempore Loren Legarda on Wednesday cited the significant gains of the country's economy since the free trade agreement (FTA) with the European Free Trade Association (EFTA) in the last five years. Legarda, chair of the Committee on Foreign Relations, said the Philippines has maintained its strong foothold in the European market since the enforcement of EFTA in 2018. EFTA states are Switzerland, Norway, Iceland, and Liechstenstein. "Given the current developments with our cooperation with EFTA states, I am confident that the partnership would be beneficial to our economy. The preference utilization rate of the Philippines continues to improve, from 30 percent in 2019 to 31 percent in 2020 as per the Department of Trade and Industry (DTI)," Legarda said in a statement. From 2018 up to the third quarter of 2022, the Department of Trade and Industry (DTI) said the Investment Promotion Agencies (IPA)-approved Swiss
The US$ 13.5 billion export target set for merchandise export sectors in
early 2020 remains challenging, requiring not only strong efforts from local
enterprises, but also the recovery of global demand amid complicated Covid-19
situation. Amid severe impacts of the Covid-19 pandemic, Sri Lanka’s
merchandise exports remain at US$ 9.9 billion in 2020, which is a 104 %
achievement from the revised forecast of US$ 9.5 billion.
Export Development
Board (EDB) Chairman Suresh De Mel said; “Amidst the outbreak of COVID-19, a
notable rebound of the export sector was recorded from mid – 2020 with the
proactive measures introduced by the Government.
The growth in
exports was not only due to the effective prevention and control of the
2020 marks a successful year for Sri Lanka exports: EDB
January, 20, 2021
The US$ 13.5 billion export target set for merchandise export sectors in early 2020 remains challenging, requiring not only strong efforts from local enterprises, but also the recovery of global demand amid complicated Covid-19 situation.
Amid severe impacts of the Covid-19 pandemic, Sri Lanka’s merchandise exports remain at US$ 9.9 billion in 2020, which is a 104 % achievement from the revised forecast of US$ 9.5 billion.
Export Development Board (EDB) Chairman Suresh De Mel said; “Amidst the outbreak of COVID-19, a notable rebound of the export sector was recorded from mid - 2020 with the proactive measures introduced by the Government.