The Export Development Council (EDC) in partnership with the DTI-Export Marketing Bureau and PHILEXPORT, gears up to cascade the promotion of the Philippine Export Development Plan (PEDP) 2023-2028 in the regions. The EDC will commence the PEDP Regionalization activities starting the latter part of August to middle of November, through a series of Seminars and Workshops at identified top exporting regions in Luzon, Visayas and Mindanao, specifically in (1) NCR, (2) Region III-Pampanga, (3) Region IV-A-Laguna (CALABARZON), (4) Region VI-A-Iloilo City, (5) Region VII-Cebu City, (6) Region X-Cagayan de Oro City, (7) Region XI-Davao City and (8) Region XII-General Santos.
Continue reading EDC to cascade the PEDP 2023-2028 at Regionalization Roadshow
EDC lauds BOC’s Digital Transformation
As a long-time partner in streamlining processes and trade facilitation in the country, the Export Development Council, through its Networking Committee on Trade Policies and Procedures Simplification (NCTPPS), lauds BOC’s buy-in to achieving Digital Transformation.
The Bureau has introduced six (6) new automation projects for the efficiency and transparency of its operation. Following are the said projects and their functions: Continue reading EDC lauds BOC’s Digital Transformation
ARTA gears up Green Lanes for Strategic Investments under EO 18
The Anti-Red Tape Authority (ARTA) gears up to implement Green Lanes for Strategic Investments under Executive Order (EO) 18, series of 2023. Said EO defines those that are aligned with the Philippine Development Plan or any equivalent national development plan and can be characterized by significant capital or investment in the country as a strategic investment.
Strategic investments are those with consequential economic impact, positive impact on the environment, significant contribution to the country’s balance of payments, complex technical processes and engineering designs, and will improve the country’s infrastructure capabilities.
Continue reading ARTA gears up Green Lanes for Strategic Investments under EO 18
ARISE PH launch Guidebook on Exporting to EU
ARISE Plus Philippines launched the business guidebook aimed to help improve the Philippines’ access to the European Union (EU) market and utilize the EU Generalized Systems of Preferences (EU -GSP+) scheme.
The guidebook provides technical and regulatory requirements to be completed within the Philippines to export to the EU, and measures to meet to cross the EU border.
Under the EU GSP+ scheme, the Philippines enjoys duty-free access for products across around 66% of all EU tariff lines. Among the top GSP+ exports of the country are agricultural goods like coconut oil, tuna, and pineapples as well as electronic goods like vacuum cleaners and pneumatic tires.The Philippines and the EU share a total of EUR 18.4 Billion in bilateral trade in goods. Continue reading ARISE PH launch Guidebook on Exporting to EU
MIF to drive PH’s Meaningful Economic Transformation
The Maharlika Investment Fund (MIF), was signed into law by President Ferdinand R. Marcos Jr. to drive PH’s meaningful economic transformation, including boosting infrastructure development, creating high-quality jobs, and pursuing its initiatives to become an investment-friendly nation. This means increasing the capacity and capability to make profitable investments, such as the Build-Better-More program.
The Fund under Republic Act No. 11954 aims to achieve upper-middle-income status by 2025, single-digit poverty levels, and other goals set out in the Agenda for Prosperity outlined in the Medium-Term Fiscal Framework (MTFF) as well as the Marcos Administration’s 8-point Socioeconomic Agenda and the Philippine Development Plan 2023-2028.
Economists said that the Fund could add materially to government resources in the future if it is properly managed. As President Marcos Jr. delivered in his 2nd State of the Nation Address (SONA), any investment decisions in managing and utilizing the Maharlika Investment Fund shall remain intact with the Administration’s total commitment to transparency, accountability, and good governance.
Exporters can look forward to new opportunities for some of the high-priority projects of the Country’s Agriculture, Infrastructure, Digitalization, Strengthened Supply Chains, and other areas that support the platform of transforming the Philippines’ competitiveness in the rest of the world. This also means both the public and private sectors can benefit from the future success of this endeavor.
The passage of the MIF law was signed on 18 July 2023 at the Rizal Hall, Malacañang Palace. AOB
MSME Guidebook for Disaster Resilience launched!
The Micro, Small and Medium Enterprise (MSME) Guide to Disaster Resilience book was launched to have a better understanding of the basic concepts of disaster risk education and management, and business continuity practices.
This book serves as a reference material for MSMEs) for future disaster awareness and management. It also includes sample toolkits and exercises which can help MSMEs develop their own emergency preparedness and business continuity plans. Continue reading MSME Guidebook for Disaster Resilience launched!
Tourism and IT-BPM Industry noted to boost PH economic growth
President Ferdinand R. Marcos Jr. highlighted the Philippines as a Service Export Powerhouse, specifically the Tourism and Information Technology-Business Process Management (IT-BPM) Sectors’ vital roles in boosting the country’s economic growth during his speech in the second State of the Nation Address (SONA) at the Congress last Monday, 24 July 2023.
Part of the administration’s work is to push the Philippines by making it a “Tourism Powerhouse and an Agile Export Powerhouse” in Southeast Asia, aligning with the two plans, the National Tourism Development Plan (NTDP) 2023-2028 and the Philippine Export Development Plan (PEDP) 2023-2028.
Continue reading Tourism and IT-BPM Industry noted to boost PH economic growth