President Ferdinand 'Bongbong' Marcos Jr. told foreign trade partners that the Philippines will be a reliable partner and will be ready to deliver as it moves to improve its export performance. | ManilaBulletin
President Ferdinand "Bongbong" Marcos Jr. told foreign trade partners that the Philippines will be a reliable partner and will be ready to deliver as it moves to improve its export performance.Speaking at the international trade forum in Taguig City on Thursday, June 15, Marcos rallied for support from the export community for the successful implementation of the Philippine Export Development Plan .
Describing the export industry as an “economic lynchpin,” Marcos there is a reason to be optimistic about the bright future of the local export industry with the PEDP implementation. He further said that resounding in the PEDP is the necessity for heightened government support, which calls for a host of vital government interventions, such as infrastructure, greater ease of doing business, promotion and marketing, financing, even legislative initiatives, among others.Marcos highlighted the importance of the Regional Comprehensive Economic Partnership Agreement, which came into force this month.
It is also seen to lower business costs and open opportunities for Filipino service providers and improve market access for products of key export interest. “Hence, we must continue to forge these vital agreements and preferential systems, and also maintain our good standing in, and seek renewal of, existing ones, including those with the EU and the US,” the President said.
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