Tuesday 18 June
Jun 12, 2019 @ 9:57

NEDA bares Congress wishlist to boost PH exports

 

Foreign trade will be so much bigger with the help of lawmakers.

The National Economic and Development Authority (NEDA) happily reported a recovery in exports in April, albeit at a slightly modest growth rate 0.4 percent.

Trade balance narrowed, thanks to a pickup in goods exports and a drop in imports.

Zero tariffs boost PH exports to ASEAN but imports grow at faster pace

But NEDA Secretary Ernesto Pernia said the Philippines could manufacture and sell a lot more goods abroad if only the existing laws weren’t restrictive.

NEDA said amendments to the Public Service Act, the Foreign Investment Act, and Retail Trade Act would help local factories expand and attract more investors to set up shop here, resulting in increased production and export orders.

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