Export Development Act eyeing $50 billion exports
Davao City (3 December) -- A private and government partnership has been firmed up to achieve US$50 billion exports in 2006.
During the Mindanao Exporters Congress 2005 held last November 30, 2005 at the Marco Polo Hotel in Davao City, Fernando Cala II, executive director of Export Development Council said the foundation of the two sectors was formally forged with the passage of Republic Act 7844 or the Export Development Act of 1994.
As specified in the Act, Cala said the government and private sector shall jointly transform the Philippines into an exporting nation.
This led to the creation of two key infrastructures namely, the Export Development Council and the Philippine Export Development Plan (PEDP).
The PEDP 2006-2007, he said, was approved by President Arroyo with a target of US$50 billion exports in 2006.
The national export congress (NEC) meanwhile took place to communicate the PEPD and address policy issues.
At the pre-NEC congress, issues were directed on access to financing, cost of doing business, logistics support and efficiency, additional budget for trade promotion, legislative agenda, sectoral as well as regional issues.
Cala said there are four key areas that will have significant impact on the exports namely, creating access to financing, building an export-oriented culture: The Role of Education, reviving trade in agriculture and natural resources and legislative agenda. (PIA/pdbanzon) [top]