Aquino: PHL export sector can weather global uncertainty

Published by rudy Date posted on October 30, 2012

President Aquino on Tuesday expressed confidence that the country’s export sector, which is expected to grow less than target this year, would be able to weather the challenges posed by economic difficulties hounding its key markets.

Mr. Aquino made the statement at the 20th anniversary of the Philippine Export Confederation Inc., where he assured exporters of the government’s continued support through during these “challenging times” so that they would be ready when the global economic recovers.

“We continue to recognize the value of exports because your sector is one way we can truly capitalize on our greatest competitive advantage, namely our people. I remain confident in your ability to weather the storm,” he said.

Mr. Aquino said that now is the time for exporters to look for new markets and improve their efficiencies, which would help them adapt to the “new environment” following a global economic recovery. “It is really in these times of adversity when we are given the opportunities to truly prepare for the coming opportunity,” he said.

Referring to yet-untapped markets for exporters, the President said he was told that there are some countries, many in Western Europe, are not even aware of the Philippines’s “thriving banana export industry.” “We must remain proactive in looking for these countries and opportunities because I tell you, this slowdown will end, and when the dust settles, the global environment we will find ourselves in may be very different from the one that we grew up with,” he said.

Mr. Aquino said that as such, “when the global economy recovers, we should be ready to adapt and adjust to whatever the new environment is.”

“You count on your government’s support. All I ask is that you continue what you have been doing these past several years and that you stand by us as we pursue our agenda of reform. In return we will stand by you now when things are tough, and in the future, when things would undoubtedly be better,” he said. -Mia M. Gonzalez / Reporter, Businessmirror

April 2025

World Day for Safety and Health at Work
“Safety and health at work every day!”

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!
#WearMask #WashHands #Distancing #TakePicturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

Monthly Observances:

March – Women’s Role in History Month
April – Month of Planet Earth

Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week

Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work

Trade Union Solidarity Campaigns

No to Trafficking

Jobs! Jobs! Jobs!

Categories