Strong domestic demand drives imports growth in February 2016
Higher purchases of capital and consumer goods pushed imports to grow by 1.2 percent.
Higher purchases of capital and consumer goods pushed imports to grow by 1.2 percent.
The Logistics Industry Roadmap establishes programs designed to further develop the country’s transport infrastructure, particularly roads and ports outside Manila.
The visit was a great opportunity for Mindanao to showcase local products to counterparts from East ASEAN Growth Area.
With the decrease in tariffs, competition is no longer limited to who can offer the lowest price but who can conform or surpass the standards of international markets.
Strong domestic demand and investor confidence in the country will support imports growth in the near term despite the decline in December 2015.
According to the European Union’s monitoring report, the Philippines has been making good progress on the implementation of its commitments under the EU-GSP+.
The industry roadmaps—crafted by local industries—detail a sector’s current situation and outlines the various interventions it needs to be globally-competitive.
Signed on February 4, 2016: Approving the 2015-2017 Philippine Export Development Plan and Directing the Concerned Agencies to Review All Relevant Policies to Ensure the Implementation thereof.
Philippine merchandise imports in October 2015 is kept in the positive territory for the fifth consecutive month.
The recent bilateral meetings of the Philippines with APEC member-economies enable parties to identify potential investment areas and employment opportunities.