The country would reach the low-end export revenues target of $122 billion by 2022, the Department of Trade and Industry (DTI) said.
According to DTI Undersecretary for Special Concerns and Trade Promotions Group Abdulgani Macatoman, the Philippine Exports Development Plan (PEDP) 2018-2022 is now up for review to realign strategies with the impacts of the global health and economic crisis.
Under the PEDP 2018-2022, the government targets $122 billion to $131 billion revenues from goods and services exports by the end of 2022.
“Currently, we are reviewing and assessing the PEDP’s strategies indicators and export targets to see if such are still doable or not and continue to be optimistic that we will be able to still achieve even the low-end target of $122 billion in 2022 hand-in-hand,” Macatoman said.
For businesses to thrive amid the pandemic, the trade official urged exporters to continue innovating by utilizing digital tools to remain competitive in the evolving digital economy.
Meanwhile, DTI Secretary Ramon Lopez said that aside from implementing digital solutions in their businesses, reskilling and upskilling the Filipino workforce will be part of the revised export plan.