{"id":142523,"date":"2017-12-28T02:32:28","date_gmt":"2017-12-28T07:32:28","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=142523"},"modified":"2017-12-28T02:32:28","modified_gmt":"2017-12-28T07:32:28","slug":"dti-bullish-on-exports-in-2018","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/12\/28\/dti-bullish-on-exports-in-2018\/","title":{"rendered":"DTI bullish on exports in 2018"},"content":{"rendered":"<figure id=\"attachment_95888\" aria-describedby=\"caption-attachment-95888\" style=\"width: 640px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/ph12-092216-AAA-4.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-95888\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/ph12-092216-AAA-4.jpg\" alt=\"Despite the Philippine government's plans to stop receiving aid from the European Union (EU), Trade Secretary Ramon Lopez said the engagement between the two parties should continue, particularly in boosting trade. (Photo: ALBERT ALCAIN\/PPD)\" width=\"640\" height=\"419\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/ph12-092216-AAA-4.jpg 640w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/ph12-092216-AAA-4-300x196.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption id=\"caption-attachment-95888\" class=\"wp-caption-text\">FILE: Trade Secretary Ramon Lopez (Photo: ALBERT ALCAIN via PCOO)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; The Department of Trade and Industry (DTI) is bullish that the country\u2019s export performance will surpass, if not maintain its growth in 2018.<\/p>\n<p>DTI Secretary Ramon Lopez told reporters the increase in investments on manufacturing for exports of goods and services, growing factory capacity, and improving environment of the global market would buoy the country\u2019s export revenues next year.<\/p>\n<p>Lopez said the agency is bullish on exports next year with the commitments from China and Russia to source products from the Philippines, particularly agricultural goods.<\/p>\n<p>\u201cOur production should be able to supply the demand from these markets,\u201d he said.<\/p>\n<p>He added that the country is also maximizing the Generalised Scheme of Preferences Plus (GSP+) granted by the European Union in\u00a02014.<\/p>\n<p>Philippine Statistics Authority (PSA) data showed that Philippine exports to the EU in the first 10 months of the year rose 33.5 percent to USD7.8 billion from USD5.9 billion in 2016.<\/p>\n<p>In a previous interview, the Trade chief also said that the country\u2019s utilization rate of the EU GSP+ improved to 70.87 percent in 2016 from 68.3 percent in 2015.<\/p>\n<p>Lopez said that with the expansion of the Generalized System of Preferences (GSP) granted by the United States, wherein Philippine-made travel goods can also enter the US market duty-free, this would boost the country\u2019s export performance next year.<\/p>\n<p>\u201cWe are building more on agriculture, furniture, garments, travel goods, and other design-oriented exports,\u201d he said, adding that the Philippines is also looking for opportunities in other markets.<\/p>\n<p>The country\u2019s exports from January to October this year grew 11.7 percent to USD53.1 billion from USD47.5 percent in the same period last year.<\/p>\n<p>Under the Philippine Exports Development Plan \u200e2017-2022, the country targets USD122 billion to USD131 billion revenues on exports of goods and services by the end of the Duterte administration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; The Department of Trade and Industry (DTI) is bullish that the country\u2019s export performance will surpass, if not maintain &hellip;<\/p>\n","protected":false},"author":33,"featured_media":95888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[40897,5579,40898,40444,40899,13259,12337],"class_list":["post-142523","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-china-russia","tag-department-of-trade-and-industry","tag-e-european-union","tag-generalised-scheme-of-preferences-plus","tag-philippine-exports-development-plan-2017-2022","tag-philippine-statistics-authority","tag-ramon-lopez","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/142523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=142523"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/142523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/95888"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=142523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=142523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=142523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}