President Marcos launched an ambitious five-year plan that would more than double the country’s export target from the $127 billion this year to more than $240 billion in 2028. | JeromeAningINQ /PDI
“The level of diversification is something that we have to look at and we have to improve in the coming years. But we also recognize that there is great potential in the sector. No less than $49 billion worth of revenues remains untapped and unlocked by the industry,” he added.
By 2025, the government plans to raise revenues from these same sectors to $213 billion, or 88.5 percent of the projected total exports of $240.5 billion. He cited the Regional Comprehensive Economic Partnership agreement, which came into force this month, that would allow the Philippines to expand its reach to 15 other nations in the agreement.
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