Better prospects for exports seen

A TOP official of the local chapter of Philippine Exporters Confederation Inc. (Philexport) believes exports from the region will get buyers as more countries are looking for products from the country.

The strengthening of trade relations, Edwin A. Sotto, executive director of Philexport Davao, told the reporters in an interview that the exporters, will assure local exporters of markets for their products after President Rodrigo R. Duterte visited several countries during his first three months in office.

The President has so far visited Japan, China, Peru, New Zealand, Laos and Vietnam.

“We are confident about this (good prospect of exports,” Sotto said, adding that local products can compete globally.

The country and Iran, for instance, recently agreed to expand their bilateral relations with the establishment of banking ties and renewal of the strong economic cooperation between the two countries.

In a press statement released by the Department of Finance, Iranian Deputy Minister for Asia-Pacific Affairs Ebrahim Rahimpour said they are “focused on expanding bilateral relations with the Philippines.”

“At the same time, we are ready to increase the level of engagement in the Philippines, including in the area of banking relations,” Rahimpour added.

Iran is among the big buyers of Philippine bananas.

Meanwhile, Sotto said it is also good that the administration is focusing on scaling up the micro, small and medium enterprises (MSMEs) as way to enhance the global competitiveness of their produce.

The Philexport is among the partners of Mindanao Trade Expo Foundation Inc. on the conduct of trade expo, which serves as a venue where the products of MSMEs are highlighted. The latest is their Christmas Bazaar that is now ongoing and would end until Dec. 1 at Abreeza Mall.

“We at Philexport are taking it seriously on nurturing and developing the MSMEs,” Sotto said.

Posted in Business