By Genalyn Kabiling
Malacañang has approved the national blueprint on promoting the export growth of goods and services until 2022.
The Philippine Export Development Plan (PEDP) 2018-2022 has been approved through Memorandum Circular No. 62 signed by Executive Secretary Salvador Medialdea last June 26.
The export plan, anchored on the Philippine Development Plan 2018-2022, includes programs and strategies to boost export performance and achieve export target ranging between $122 billion to $130 billion.
“Within 60 days after the effectivity of this Circular, all government agencies shall submit to the ExDC (Export Development Council) and the Office of the President an inventory of relevant policies, programs and action plans which are aligned with the strategies under the PEDP,” the circular read.
“These agencies shall implement such policies, programs and action plans to boost export growth and ensure the free flow of goods,” it added.
The PEDP, prepared by the Department of Trade and industry (DTI), was earlier endorsed by the Export Development Council to the President for approval.
The export development plan shall form part of the Philippine Development Plan, according to the circular.
The memo stated that the PDP emphasizes “a strategic external trade policy regime which enables Philippine enterprises to successfully compete in global markets and provide employment opportunities for Filipinos.”
“Synchronizing the period of the PEDP with that of the PDP will be conducive to harmonizing the implementation of programs and to the continuity and consistency of policies and innovative strategies for boosting export growth and increasing job opportunities for Filipinos,” it added.