THE EXPORT Development Council (EDC) is keeping an annual growth target of 10% for the country’s merchandise shipments up to at least 2013, relying on added demand boost from neighbors like China, government and industry officials said separately yesterday.
The goal is contained in the Philippine Export Development Plan 2011-2013 which President Benigno S. C. Aquino III approved last Tuesday after an EDC presentation, Secretary Ramon “Ricky” A. Carandang of the Presidential Communications Development and Strategic Planning Office told reporters.
He added that while the new plan will end in 2013, the government is considering keeping the 10% annual growth goal until the end of its term in 2016.
“The President approved it with very minor revisions, not even worth mentioning,” he said.
“We’re looking at an annual growth of 10% in exports between now and 2016,” Mr. Carandang said.
The government reported last Tuesday that merchandise exports actually slipped by 3.2% annually to $4.104 billion in May, though shipments still grew 7.51% annually to $20.625 billion in the first five months of the year.
National Economic and Development Authority Director-General Cayetano W. Paderanga, Jr., a member of the EDC, confirmed that the joint government-export sector body is keeping its targets.
“EDC has not yet changed its figures. They’ll [sic] probably observe whether the trend will [change] before they adjust their plans,” Mr. Paderanga said via text.
In a phone interview yesterday, EDC vice-chairman Sergio R. Ortiz-Luis, Jr. said East Asia will play a bigger role in the country’s exports under the plan.
“We’re maintaining the usual markets, [but] with special emphasis on Asia…,” Mr. Ortiz-Luis said.
“We’re keeping China, because their [sic] economy is still growing, and Japan, because while they have a problem, their recovery will be fast.”
He noted that, in the final draft of the export development plan, “the changes are changes in nomenclature — they’re very minor, doable, [and] not material.” –Businessworld
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
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November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
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18-Day Campaign to End
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Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
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Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
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