DTI welcomes Memorandum Circular approving the Philippine Export Development Plan 2023-2028

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Department of Trade and Industry (DTI) Secretary Fred Pascual expressed appreciation and gratitude for the President’s strong support to the implementation of the Philippine Export Development Plan (PEDP) 2023-2028 with the recent issuance of Memorandum Circular (MC) No. 23, dated 20 June 2023, directing all relevant government agencies to identify and implement programs, activities, and projects in support of the PEDP.

Under the leadership of Secretary Pascual, an export development plan that recognizes the challenges of exporters and outlines pragmatic approach to address these challenges and propel the country’s export sector, was approved and launched.

Secretary Pascual said that, “We are one with our exporters in raising the alarm bells on the need to have a whole-of-nation approach to dramatically change the growth trajectory of Philippine exports and develop the Philippines as an agile export powerhouse. As we move forward, it’s essential to use the momentum to reach the goals and ensure that the Plan is carried out well.”

The DTI, together with the Philippine export community, is elated over the high level of support extended by both public and private partners in the implementation of the PEDP. A Statement of Commitment to Implement the PEDP from the Export Development Council (EDC) was also handed over to the President during the International Trade Forum held on 15 June 2023.

According to Secretary Pascual, this shows that both government and private sector are determined to move our exports forward, unleash its vast potential, and make the Philippines a global force. He added that this plan sets the stage for long-term growth, improved competitiveness, and a more significant Philippine share in the global market. Through the implementation of the PEDP, the export sector aims to be vital engine of economic growth and contribute to the generation of over 1 million high-quality, better-paying, and sustainable jobs for all Filipinos.*

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