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Manila Bulletin devider Philippines devider National devider Marcos OKs PH export dev't plan 2023-2028

Marcos OKs PH export dev't plan 2023-2028

Published Jun 22, 2023 07:15 am
President Ferdinand “Bongbong” Marcos Jr. has approved the Philippine Export Development Plan (PEDP) 2023-2028 and has directed relevant government agencies to identify and implement programs, activities, and projects that support it.


The PEDP 2023-2028 aims to reinvigorate poverty reduction and job creation measures by guiding the economy toward a high-growth path and developing a resilient, inclusive, and prosperous society. Executive Secretary Lucas Bersamin signed Memorandum Circular (MC) No. 23 on June 20. The MC directs all concerned government agencies to identify and implement relevant programs, activities, and projects supporting the PEDP. “To ensure the success of the PEDP 2023-2028, it is necessary for all concerned government agencies to support and cooperate in the implementation of the PEDP 2023-2028,” the MC read. It also directs all concerned agencies to submit to the Export Development Council (EDC) and the Office of the President an inventory of relevant programs, activities, and projects (PAPs) aligned with the strategies under the PEDP 2023-2028. “These agencies shall implement the identified PAPs to develop and promote Philippine exports, and ensure the free flow of goods, in accordance with the PEDP 2023-2028, PDP (Philippine Development Plan) 2023-2028, and MC No. 27,” the MC noted. MC No. 27, issued by former president Rodrigo Duterte, identifies and directs concerned government agencies and entities “to collectively work, review, institute reforms, and implement relevant policies to boost export growth.” Meanwhile, Republic Act No. 7844, or the “Export Development Act of 1994,” mandates the EDC to endorse the PEDP for the approval of the President; coordinate, monitor, and assess the implementation thereof; and, when necessary, institute appropriate adjustments thereon in light of changing conditions in both the domestic and international environment. The EDC will also ensure the biannual validation and updating of the PEDP according to the provisions of RA 7844 and in the context of the PDP. In a previous press briefing in Malacañang, Trade Secretary Alfredo Pascual said the proposed Export Development Plan formulated by the Department of Trade and Industry (DTI) defines the country’s export thrusts, strategies, programs, and projects. “This export development plan will capitalize on export growth opportunities considering market trends and the available or existing competencies in the Philippines among our industries,” Pascual said. “It seeks to undertake an industry development-centric approach to make the Philippines a major player in the global economy and achieve sustainable development goals,” he added.

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Bongbong Marcos Philippine Export Development Plan (PEDP) memorandum circular President Marcos
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