Atin Ito First Filipino Community Newspaper in Ontario
PRESIDENT Ferdinand Marcos Jr. has approved the Philippine Export Development Plan (PEDP) 2023-2028, his administration’s blueprint in the next five years to increase the exports of goods and services from the country, Trade Secretary Alfredo Pascual said Tuesday.
Marcos gave the greenlight to the proposal during a sectoral meeting in Malacañang on Tuesday where he discussed with the Department of Trade and Industry (DTI) its efforts to mitigate and address the impacts of the global economic outlook.
“Well, we presented to the President the proposed Philippine Export Development Plan which DTI formulated pursuant to the Export Development Act of 1994. As already mentioned, this defines the country’s export thrusts, strategies, programs and projects and we sought the President’s approval which we got with just some couple of additions to the plan,” Pascual said during a Palace press briefing.
Pascual said the plan aims to address challenges “that we face in various sectors of the economy particularly those sectors that potentially could be involved in exports.”
“And our proposal is actually in line with the Philippine Development Plan which was earlier released by the administration. This export development plan will capitalize on export growth opportunities considering market trends and the available or existing competencies in the Philippines among our industries,” the DTI chief said.
*****
Credit belongs to : www.manilatimes.net
