MANILA – The Export Development Council (EDC) is looking at a revised export goal of $90 billion for 2016—or 25 percent lower than the original target—to be incorporated in the three-year Philippine Export Development Plan (PEDP) currently being crafted.
The public-private EDC decided to scale down its previous goal of $120 billion, as even Trade Secretary Gregory L. Domingo deemed the original figure as already “unrealistic” at this point.
The PEDP 2014-2016 is the export-sector component of the Philippine Development Plan 2011-2016, the government’s primary economic and social development program.
“The figures were reviewed. It’s around $90 billion in 2016,” said Roberto Amores, council member of the EDC from the private sector, told the BusinessMirror in a text message.
Amores, also the president of Philippine Food Processors and Exporters Organization Inc., said the council re-evaluated the figure “at a more realistic level,” given “domestic issues” faced by exporters.
Although the export target for 2016 is set to be adjusted down to $90 billion, the EDC is keeping the growth target for 2014 at 10 percent, Amores said.
Domingo, in March, admitted that the $120-billion export goal, as envisioned in the current PEDP, is already unrealistic as total exports growth should be at 25 percent annually to achieve that target.
Total exports growth in 2013, data from the DTI show, is expected to be at 8.6 percent valued at $75.5 billion.
The PEDP is expected to detail export targets and strategies within the given period, taking into account issues facing exporters in local and international markets.
The EDC, tasked to oversee the development of the export sector and craft the plan, is composed of members from both the public and the private sector. The chairman from the government is Domingo while the co-chairman from the private sector is Philippine Exporters Confederation President Sergio R. Ortiz-Luis Jr.
Sought for comment, Ortiz-Luis told the BusinessMirror the PEDP 2014-2016 must focus on inputs to “strengthen product development and export promotion,” with a view to making the country’s exports more competitive.
Ortiz-Luis added that the EDC’s executive committee is set to meet before the end of the month to finalize and approve the plan, after which, a full EDC meeting presided by President Aquino will be held for final presentation of the PEDP 2014-2016. –Catherine N. Pillas, BusinessMirror
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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