Live Breaking News & Updates on E Said The Philippines Has An Unrealized Export Potential Of Usd49 Billion

MANILA - Key stakeholders will focus on high-value products and services in crafting the new Philippine Export Development Plan (PEDP) for 2022-2027 while the country works to tap into its unrealized export potential. Department of Trade and Industry (DTI) Secretary Ramon Lopez said the agency is spearheading the drafting of the new PEDP "with an overarching goal of transforming the Philippines from an exporter of commodities and intermediate goods to an exporter of high-value products and services." "The new PEDP will also lay out aggressive and disruptive strategic directions with targeted and focused priority products and services for promotion that will accelerate the integration and expansion of Philippine exporters in the global marketplace, both physical and digital," he said during the recent virtual 2021 National Export Congress. The plan will be anchored on more comprehensive data analysis to ensure that policy and strategic directions are evidence-based a ....

Ramon Lopez , Philippine Export Development Plan , Development Council , National Export Congress , International Trade Centre , Secretary Ramon Lopez , Export Development Council , Betemps Cochin , Manila Key Stakeholders Will Focus On High Value Products And Services In Crafting The New Philippine Export Development Plan Pedp For 2022 2027 While Country Works To Tap Into Its Unrealized Potential Department Of Trade Industry Dti Secretary Ramon Lopez Said Agency Is Spearheading Drafting Quot With An Overarching Goal Transforming Philippines From Exporter Commodities Intermediate Goods Also Lay Out Aggressive Disruptive Strategic Directions Targeted Focused Priority Promotion That Accelerate Integration Expansion Exporters Global Marketplace , Oth Physical And Digital , Uot He Said During The Recent Virtual 2021 National Export Congress Plan Will Be Anchored On More Comprehensive Data Analysis To Ensure That Policy And Strategic Directions Are Evidence Based Takes Into Account Impact Of Coronavirus Disease 2019 Covid 19 Pandemic Emerging Trends Asa Result Reconfiguration Global Value Chains Quot Demonstrating Strong Determination Recover From , More Than 3 , 700 Philippine Exporters Have Access To New Markets In 2021 Taking Into Consideration The Global Developments And Need Accelerate Recovery , Uot Lopez Said The Future Of Philippine Exports Holdsa Quot Lot Potential But Challenges Remain Citing Export Assessment International Trade Centre Itc , E Said The Philippines Has An Unrealized Export Potential Of Usd49 Billion , Ith Usd20 Billion Caused By Product Markets Specific Frictions Which Can Be Unlocked And Realized Through Instituting Reforms In The Area Of Trade Facilitation , Mong Others Lopez Said The Dti And Export Development Council , N Coordination With Various Government Agencies , Ave Been Working Ona Joint Memorandum Circular That Aims To Accelerate The Recovery Of Export Sector Quot This Is By Addressing Some Key Binding Constraints Growth And Competitiveness In Area Trade Facilitation Strengthening Our Partnerships With Private Partners , Uot He Said As Part Of Its Continuous Efforts To Improve The Delivery Services Exporters And In Line Witha Quot More Ambitious Bolder Pedp , Opez Said Dti Will Undertake Strategic Shifts In Export Development And Promotion , Ncluding Redefining The Measures Of Exports Success From Just Looking At Aggregate Values And Growth Figures To Targeted Metrics Quot Reframing Mindsets Export Promotion Development With Inclusive Innovation Industrial Strategy Its Core Stratifying Interventions Leveraging Partnerships , Dentifying The Right Interventions For Each Export Sub Sector Depending On Their Readiness , Nd Their Constraints To Growth , Uot He Added Sylvie Betemps Cochin , Enior Trade Promotion Officer And Project Manager At Itc ,