Utilize e-commerce, exec urges MSMEs

FOR EASY promotion of products especially in Brunei Darussalam-Indonesia-Malaysia-Philippines (BIMP) sub-region, the Department of Trade and Industry (DTI) is urging local enterprises to engage in electronic commerce where they can sell via online.

“With e-commerce, this will make it borderless for MSMEs (micro, small and medium enterprises) to do business,” said Trade Undersecretary Prudencio M. Reyes Jr., as it could help them easily sell their products and attract buyers anywhere.

Reyes said Friday in a press conference after the holding of the BIMP-EAGA Strategic Planning Meeting at Marco Polo Davao Hotel that the BIMP sub-region, for instance, is a huge market that an MSME can tap as it has about 400 population.

To encourage the enterprise to engage in e-commerce, he said they will provide capacity building and trainings about making a website on where they can feature and sell their products and electronic payment.

DTI, at present, recorded that 99.6% of the businesses in the country are MSMEs.

Reyes also suggested that there should be halal e-commerce that would showcase products and services that have been granted with halal certification.

“Hopefully, we will be able to have a halal e-commerce,” he said.

The DTI is also doing a profiling on MSMEs to determine what industries they are  engage in and know the value of their capitalization as basis in giving them access to financing. Apart from it, the agency is planning to have a super green lane for MSMEs to easily secure custom clearance.

The department’s push for e-commerce is part of the implementation of Philippine E-Commerce Roadmap (PECR) 2016-2030, which was launched on Feb. 2.

In the statement of DTI, “the roadmap’s main objective is to contribute 25% to the Philippines’ gross domestic product (GDP) by 2020 (from 10% in 2015 based on estimates made by iMetrics Asia Pacific Corporation).”

The PECR, DTI said, “is intended to be a living document that will be continuously updated through regular stakeholder consultations to draw up strategies befitting current and timely issues and concerns.”

Ultimately through this roadmap, more homegrown Philippine enterprises can directly access the global market or be integrated in global value chain, enabling further access to larger foreign markets,” added the department.

Posted in Business