Unless impactful intervention and support are implemented, the plan will remain a plan and the export sector will continue to catch up with its Asian neighbors. MBOpinions READ:
During the launch of the six-year PEDP, President Ferdinand R. Marcos Jr. quipped that several export plans had been hatched previously, but the country’s exports sector still plays “catch up” with its Asian neighbors. This could be the reason that the new PEDP seeks to be different, focused, and stratified.
Most interesting in the new plan is the introduction of a relatively new export industry cluster — the MBNRE. This is the cluster that really needs government attention because aside from being small, it involves high value and high local content products. MBRNE products are truly indigenous to the Philippines and will represent not just the country’s products but also in regional culture.
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