President Ferdinand R. Marcos Jr. on Thursday assured the Philippines’s foreign trade partners and the international community that the country will be a reliable partner and will be ready to deliver. Know more:
President Ferdinand R. Marcos Jr. emphasizes the importance of dynamic innovation and the exports industry in his speech at the International Trade Forum on Thursday, June 15, 2023, at the Shangri-La The Fort in Taguig City. He highlighted the need to catch up with Asean neighbors for national development targets. “Dynamic innovation within the sectors will be at the heart of this transformation. The exports industry is crucial and indispensable to this development strategy,” he said.
“But as with any other plan, everything will come down to its effective and efficient implementation. So, together, with a whole-of-nation approach, let us once again declare our slogan: ‘Let’s make it happen’,” Marcos told the forum. “This is another significant milestone in our nation’s export agenda. With a 15-country market coverage, this will expand further the market reach of our exported goods. The coverage of RCEP covers, in terms of individuals, over 2 billion individuals that are involved in this trade agreement,” said Marcos.
The country will get wider market access for products of key export interest, have a wider coverage area for cumulation of raw materials, development of liberal Product-Specific Rules, and reduce transaction costs.
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