DTI okays export dev’t plan
MANILA, Philippines - The Department of Trade and Industry has approved for endorsement to the economic cluster and to President Aquino the Philippine Export Development Plan (PEDP) for 2014 to 2016.
“The PEDP has been approved by (Trade) Secretary (Gregory) Domingo for endorsement to the economic cluster and to the Office of the President,” Trade undersecretary Ponciano Manalo Jr. told reporters.
The proposed PEDP crafted by the Export Development Council, composed of government and private sector representatives, contains targets and strategies to grow the country’s total exports.
The proposed PEDP sets a growth target of eight to 9.3 percent for total exports this year from last year’s $78.5 billion.
For 2015, total exports are targeted to grow from nine to 10.1 percent, while a growth target range of 10.1 to 11 percent is set in 2016.
The bulk or 70 percent of the country’s total exports are accounted for by merchandise goods, while the balance is held by services covering information technology – business process management firms and the tourism sector.
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