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The Philippines may miss the 2023 exports target of $127 billion set under the Philippine Export Development Plan amid global headwinds.
BOI and Export Marketing Bureau director Bianca Sykimte said the EDC crafted the PEDP at a time when there were no geopolitical issues, inflation was tempered and China was on the brink of recovery. The EDC usually recalibrates export projections based on the trading environment. The recent PEDP projections were not yet adjusted.
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