THE Aquino administration plans to create nearly 10 million jobs by 2016 under the country’s three-year export development agenda, according to the Department of Trade and Industry (DTI).
The Philippine Export Development Plan for 2011 to 2013 forecasts a doubling of Philippine exports to reach $120 billion by 2016.
The export growth target is also expected to increase the country’s gross domestic product by 58 percent and provide 9.1 million job opportunities by 2016.
Based on historical data, a percent increase in exports has been associated with a 0.58 percent expansion in GDP, while a percent increase in GDP creates 157,000 jobs.
The DTI presented the PEDP to Malacañang after a series of consultations with the private sector and other stakeholders through the DTI-led Export Development Council.
“The PEDP synergizes the export agenda of the government and the private sector and the President has expressed his support to the development plan to move the agenda forward,” DTI Secretary Gregory L. Domingo said.
During the presentation, President Aquino affirmed his support to the exporting community and welcomed proposals under the PEDP.
The DTI said the PEDP builds “on the gains from key export products and growing demand from emerging markets over the past years,” including the “average export growth of $58 billion in 2008 until 2010.”
The PEDP is anchored on key products, markets, and promotions strategies that seek to develop key export sectors, namely the IT/BPO and other services, electronics, agribusiness (fresh/processed/marine food products and coconut), minerals, shipbuilding, motor vehicle parts, garments/textile, home style, and wearables.
The key sectors under the PEDP were analyzed based on their current volume, supply chain attributes, local value-added, and total employment.
From the supply chain perspective, the EDC noted a significant increase in the export share of services from 9 percent in 2001 to 21 percent in 2010.
Key markets have also diversified reflecting the Philippines’ competitiveness in the value chain, including remarkable growth in markets such as North and Southeast Asia, Oceania and South Pacific, and Europe. –Darwin G. Amojelar, Senior Reporter, Manila Times
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