Game Development Philippines eyes to corner sizeable portion of $18.4-B European games industry market, to participate at GAMESCOM 2016 in Germany

The Philippines is stepping up efforts in carving a sizeable niche of the estimated US$18.4 billion European games industry market and in further promoting the country as an investment destination of choice in the games-related services sector for international game development companies as the country’s industry players are set to participate at the GAMESCOM 2016 in Cologne, Germany next month.

Showcasing their games-related services and products to international companies at GAMESCOM include Altitude Games, GameOps Inc., Job and Esther Technologies, Inc., Synergy88 Digital Inc., Transcom, and Zeenoh.

The industry players’ participation in the international event is organized by the Philippine Board of Investments (BOI) through its International Investments Promotion Service jointly with the Philippine Trade and Investment Center in Berlin and the Games Development Association of the Philippines (GDAP).

Slated on August 17 to 21, Gamescom is Europe’s largest platform for the European computer and video game industry. It is organized by the Federal Association of Interactive Entertainment Software, bringing together developers, publishers and other stakeholders to showcase their upcoming games and game-related hardware and to promote business and collaboration. Measured by exhibition space and number of visitors, last year’s edition gathered over 345,000 visitors and 700 exhibitors from 88 countries.

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DTI: PEDP 2015-2017 strategies to help exporters

The result of the recent survey conducted by International Trade Centre (ITC) which showed close to three-quarters of exporters and importers in the Philippines suffer from non-tariff measures (NTMs) is a clear validation of the findings of the Export Development Council (EDC) led by the Department of Trade and Industry. The survey specifically reported that most exporting and importing companies in the Philippines face difficulties in complying with foreign technical requirements and conformity assessment procedures which are often followed in developed countries. Some also experience unnecessary costs and delays in domestic institutions when processing required documents.

DTI sees strategies included in the Philippine Export Development Plan (PEDP) 2015-2017 as instrumental in addressing exporters’ and importers’ concerns on the said results.

“DTI has been in the forefront of streamlining processes for our exporters and importers. For the past six months, we have been active in addressing exporters’ concern specifically to shorten the processing time and administrative requirements. We have been pushing for legislative priorities for the 17th Congress, especially for transport and logistics to have a more competitive export industry. Strategy #2 of the PEDP 2015-2017, which states the removal of the unnecessary regulatory impediments to the movement of goods and delivery of services, hopefully, will be instrumental in addressing these concerns,” said Nora K. Terrado, Undersecretary for Industry Promotion Group.

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Enhancing the Participation of MSMEs in International Trade. PTIC-Geneva

21 June 2016, Geneva – The Philippines, Lao PDR, Malaysia, Brunei Darussalam, Singapore and Thailand, together with the International Trade Center (ITC) organized a WTO workshop on “Enhancing the Participation of Micro, Small, and Medium Enterprises (MSMEs) in International Trade.”

The Philippines has been headstrong in its MSME advocacy and has successfully launched the Boracay Action Agenda to Globalize MSMEs in Global Trade and the Ilo-Ilo Initiative as the host APEC 2015. The Philippines has also taken this advocacy to the main trade body – the WTO.

The workshop is a continuation of the dialogue that the Philippines has undertaken in 2015 to bring MSMEs front and center in trade policy discussions. “The workshop created another opportunity to enhance our awareness of the role of MSMEs in international trade. We were able to share experiences and identify best practices, success factors and challenges related to the participation of MSMEs in international trade. The intention of the workshop was to offer the WTO Members the best source for this information, which is why, the Philippines has arranged for a peer-led exchange by people who work directly with MSMEs, complemented by expert input” – said Philippine Mission to the WTO Ambassador, Esteban Conejos,Jr.

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DG Azevêdo welcomes efforts to boost trade opportunities for small businesses

Director-General Roberto Azevêdo attended a workshop today (21 June) on micro, small and medium enterprises (MSMEs), focused on enhancing their participation in international trade. The event was organized by the permanent missions of the Philippines, Lao PDR, Malaysia, Brunei Darussalam, Singapore and Thailand, supported by the International Trade Centre (ITC).

The discussion focused on the specific barriers that MSMEs face in the global trading system and what steps could be taken to lower those barriers.

WTO Director-General Roberto Azevêdo said:

“This is a very important issue. MSMEs are responsible for the largest share of employment opportunities in most economies — up to 90% in some countries — and they are big employers of women and young people. At the domestic level MSMEs have major economic importance, but their participation in trade simply doesn’t match up. This is true in both developing and developed countries. So it seems that we may be missing a significant opportunity.

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Enhancing the participation of Micro, Small and Medium Enterprises (MSMES) in international trade

A workshop organized by the Permanent Missions of the Philippines, Lao PDR, Malaysia, Brunei Darussalam, the Republic of Singapore and Thailand with the International Trade Centre (ITC)

Small and medium-sized enterprises (SMEs) constitute the overwhelming majority of firms and are a major source of employment in the economies of WTO members. Globally, SMEs make up over 95% of all firms, account for approximately 50% of value added and 60% of total employment (ACCA, 2010; Ayyagari et al., 2011; Edinburgh Group, 2013).

Micro enterprises, the smallest component of the SME sector, are increasingly the largest sources of employment in many developing countries, especially for women and youth.

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