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.
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.