Briefing with Business Community on the Philippine hosting of APEC 2015. Department of Trade & Industry (DTI) Secretary Gregory Domingo (second from left) lead the conduct of a briefing among business chambers and organizations on the ongoing preparations of various government agencies related to the Philippine hosting of APEC 2015. During the briefing, the Trade Secretary gave an overview on the Philippine hosting of APEC, its themes and priorities, and a run-through of the schedule of remaining meetings. Ambassador Marciano Paynor (left) of the APEC 2015 National Organizing Council apprised the attendees on various substantives from the recently-concluded APEC meetings while Foreign Affairs Undersecretary Laura del Rosario (beside Domingo on the right, partly hidden) oriented the body on the logistical preparations for the meeting. Joining them was DTI Assistant Secretary Ceferino Rodolfo (right), DOLE Dir. Catherine Parado and MMDA Special Operations Officer Mr. Emmanuel Miro and Traffic Engineering Officer Engr. Emilio Llavon (not in the photo). The business chambers and associations represented in the briefing included: Federation of Filipino-Chinese Chamber of Commerce and Industry Inc., Federation of Philippine Industries, Philippine Association of Service Exporters Inc., Philippine Chamber of Commerce and Industry, Philippine Exporters Confederation, Makati Business Club, Philippines Inc., Management Association of the Philippines, and the Joint Foreign Chambers of the Philippines. (DTI-PRU)
“The Philippine economy is a 'bright spot' in the region,” Department of Trade and Industry Undersecretary for Industry Development and Board of Investments Managing Head Adrian Cristobal Jr. said during the Philippine-Japan Business Investment Forum held in Tokyo last week. Cristobal urged Japanese businessmen to “seize opportunities in the Philippines to create wealth, generate jobs, and improve the lives of our peoples.” The forum was organized by Nikkei Business Publications, Japan’s largest publisher on business, management, and technology.
“Now is the right time for our Japanese friends and partners to come and do business in the country, and for those all ready operating there, expand your business,” said Cristobal as he cited improved governance, political reforms, strong macroeconomic fundamentals, improved competitiveness ranking, and industrial peace, among others. He also briefed Japanese companies about the benefits advantages the Philippines enjoys from trade preferences from the world’s largest importing countries, the EU and the US, under its respective Generalized System of Preferences (GSP).
The Philippines became a beneficiary to EU’s GSP-plus late last year which granted the Philippines duty-free access to two-thirds of EU’s tariff lines. Furthermore, in June 2015, the US reauthorized its GSP grant to the Philippines which already expired in mid-2013, providing for Philippine duty-free access to 3,500 US tariff lines.Continue reading
Clark, Pampanga - The Department of Trade and Industry (DTI) called on the private sector in Central Luzon to engage micro, small, and medium enterprises (MSMEs) in the region. At the Industry Roadmaps and the ASEAN Economic Community (AEC) Game Plan Forum held here today (30 September 2015), DTI Assistant Secretary Rafaelita Aldaba said that “by focusing on revitalizing the manufacturing industry, we can create more and better jobs for our people.”
“Central Luzon has a role in achieving inclusive growth. With its strong regional economy, the private and public sectors in the region can work together to build capacities of our industries and to provide more opportunities for MSMEs to participate in the global market,” said Aldaba.
Data from the Philippine Statistics Authority showed that the economy or Gross Regional Domestic Product (GRDP) of Central Luzon grew by 4.6 percent in 2014, with the manufacturing sector posting double digit growth from negative 1.3 percent in 2013 to 19.1 percent in 2014.Continue reading
Geneva –Speaking at the WTO Public Forum opening plenary, DTI Secretary Gregory Domingo has emphasized the importance of integrating Micro Small and Medium Enterprises (MSMEs) in global trade if we are to make trade work better for ALL.
The Public Forum is the WTO’s largest annual outreach event, which provides a platform for participants to discuss the latest developments in world trade and to propose ways of enhancing the multilateral trading system. The week -long event regularly attracts over 1,500 representatives from civil society, academia, business, the media, governments, parliamentarians and inter-governmental organizations. Secretary Domingo was invited by the WTO to provide his perspectives on “Making Trade Work for Business” in a plenary debate together with WTO Director General Roberto Azevedo, and private sector representatives. The debate particularly focused on the relationship between trade and business, including small and medium enterprises (SMEs) and agribusiness.
“Global Value Chains (GVCs) and technological developments have been catalysts for trade growth, and the Philippines has been beneficiary of these developments, look at where our electronics sector is now. However, if we are to make trade work for all, then we have to address challenges and foster opportunities for the 95% of businesses – the MSMEs. Therefore we need to create more pipelines for MSMEs to integrate to regional and global markets” Said Secretary Domingo.Continue reading
BOI approves ICTSI North Harbor expansion project. BOI Governor Lucita P. Reyes (left) and Executive Director Efren V. Leaño (right) present the Certificate of Registration to Antonio G. Coronel (center), Purchasing Director of International Container Terminal Service, Inc. (ICTSI). The firm recently sought approval from the BOI for its Php5 billion expansion project on the construction of Berth 7 in North Harbor, Manila. The project is expected to accommodate the anticipated container volume growth by handling up to 2,500,000 twenty-foot equivalent units (TEUs) upon completion. The site includes the construction of a 300 meter wharf structure including back-up areas and associated roadway improvements. (DTI-PRU)