High business costs, supply chain woes to be addressed by exports plan - BusinessMirror

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Philippine Exporters Confederation Inc. (Philexport) President Sergio R. Ortiz-Luis Jr. said the next Philippine Export Development Plan will be “more aggressive” to combat issues such as rising business costs and supply chain disruptions. Know more:

PHILIPPINE Exporters Confederation Inc. President Sergio R. Ortiz-Luis Jr. said the next Philippine Export Development Plan will be “more aggressive” to combat issues such as rising business costs and supply chain disruptions.

The Philippine Export Development Plan for 2023-2028 will be launched during the 2022 National Export Congress which will be held on December 7. The DTI said the NEC will cover discussions on how the government aims to pave the way for “exporting breakthroughs” in the next six years. Meanwhile, Ortiz-Luis expressed optimism that despite the many challenges, the export industry can achieve its growth target of nearly $120 billion to $130 billion from exports of goods and services in the next five years.

According to DTI, every first week of December is declared Exporters’ Week per Presidential Proclamation 931, series of 1996. The agency said the government and the private sector commit to working together continuously to sustain export promotion and development.

 

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