During the recently concluded International Trade Forum held in Taguig City, the Marcos administration unveiled its Philippine Export Development Plan 2023 to 2028 (PEDP). Know more:
During the recently concluded International Trade Forum held in Taguig City, the Marcos administration unveiled its Philippine Export Development Plan 2023 to 2028 , a comprehensive strategy on how to grow our exports and make it at par with our neighboring countries and even the rest of the world.
In his address during the event, President Ferdinand Marcos Jr. said the implementation of key strategies to nurture the growth of the export sector will pave the way for its transformation into a strong and highly competitive pillar of our economy.
Among other things, we saw that the Philippines produces a lot of components that are being used to manufacture complex products such as automobiles, aircraft, and robotics. It confirms what the President noted about how one sector takes up around 40 percent of our entire export basket. There is enormous potential for growth in our exports sector.
We are elated to have the President and his entire economic team on the same page with us on this common desire to diversify our exports. This will now put this push for economic complexity at the front and center of the government’s policies and we will provide all the support we can on this effort.
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