Philippine exporters should develop unique and locally-sourced products to capitalize on growing global demand, particularly from the United States and Europe, according to an industry executive.
Philippine Chamber of Commerce and Industry (PCCI) executive vice president Ferdinand Ferrer said businesses were witnessing strong alliances with partners in North America, Europe and South America, who are increasingly looking to the Philippines as a gateway into the Association of Southeast Asian Nations (ASEAN).
“In 2025, we will actively align business opportunities with the initiatives and partnerships we have established with foreign entities,” Ferrer said during a recent general membership meeting of the Philippine Exporters Confederation Inc. (PHILEXPORT).
He highlighted the growing demand for unique Philippine products in western markets, citing the example of the “balisong,” a handcrafted butterfly knife from Batangas, as a potential high-demand item.
Ferrer, who also serves as PhilExport vice president and trustee for the electronics sector, cited the need to tailor product offerings to the specific requirements of foreign markets. He cited Canada as an example, where strict compliance and sustainability standards are in place.
“Canada is willing to train our suppliers to meet their sustainability requirements, which include restrictions on the use of child labor and a focus on eco-friendly production,” Ferrer said. Othel V. Campos
Ferrer noted that the EU is also actively seeking suppliers in Asia, with a strong preference for Philippine products and services.
He said the proposed tariffs on goods imported from Canada and Mexico into the US were driving European manufacturers to explore setting up production facilities in the Philippines to maintain access to the US market.
