THE Export Development Council (EDC) will convene in the first quarter of next year to recalibrate the country's targets, a senior trade official said last week.
THE Export Development Council will convene in the first quarter of next year to recalibrate the country's targets, a senior trade official said last week. Export Marketing Bureau director Bianca Sykimte told reporters on Thursday that goals under the 2023-2028 Philippine Export Development Plan were likely to be lowered to take into account current challenges.'The more ambitious target of the PEDP is what we have to downplay,' she said.
Semiconductors, which account for about 40 percent of the country's merchandise exports and some three-fourths of outbound electronics shipments, plummeted by 33.8 percent to $1.95 billion in October alone.Electronics exports plunged by 23.3 percent to $2.87 billion during the month and were down 4.4 percent year to date at $33.46 billion, PSA data showed.The Semiconductor and Electronics Industries of the Philippines Foundation Inc.
Devt Council Set To Lower Targets
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