The Department of Trade and Industry (DTI) said it is set to launch the Philippine Exports Development Plan (PEDP) 2023-2028 on June 15,2023.
THE Department of Trade and Industry said it is set to launch the Philippine Exports Development Plan 2023-2028 on June 15,2023.
“Essentially, what the Export Development Plan has done is to identify the promising sectors or industry clusters that can generate significant increases in exports to the Philippines,” Pascual told reporters on the sidelines of the Regional Comprehensive Economic Partnership media briefing in Makati City on Friday.
Meanwhile, the Trade chief said the DTI is expected to increase or adjust its exports target if there is a “dramatic shift” globally. With such global developments, Pascual said achieving a higher export target rests on the Philippines’s ability to attract international companies as these firms will develop the country’s capability in these sectors.
In September 2022, DTI said it is targeting to raise earnings from the exports of goods and services to $110 billion for 2023 despite a 10-percent cut in its budget.
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