Bits and Snippets of the Philippines

Basic Reading of Global Filipinos

Philippine Export Agency Expects 10 Percent Export Growth

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The Export Development Council (of the Philippines) was created by virtue of Republic Act 7844, otherwise known as the Export Development Act of 1994. It was created with the purpose of developing and overseeing the implementation of the Philippine Export Development Plan (PEDP) and coordinating the formulation and implementation of policy reforms to support the Plan.

Based on a plan recently presented to Philippine President Aquino, the EDC expects annual export growth to be within 10% in merchandise shipments until 2013. This target relies on exporting more to neighboring countries like China whose economy continues to expand, and Japan which many expect to recover fast despite the Tsunami catastrophe. The plan was approved by the President.

Sources: Export Hub & EDC Website

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