Filipino exporters look forward to the new and improved Philippine Export Development Plan 2023 to 2028 which is now in its final stages of completion.
Export Development Council vice chairman and Philippine Exporters Confederation president Sergio Ortiz-Luis Jr. said the exporters are optimistic about the new PEDP.
“It’s more than just renewing commitment to export development, it’s about being bold and aggressive, while recognizing persistent areas for improvements where we must have the determination to solve permanently,” he said.
Among the innovative solutions under the new PEDP are the lifting of land ownership ceilings for commercial scale agribusiness and the establishment of a Bureau of Agri-Industrial Cooperatives Development in the Department of Agriculture.
The plan will also amend the charters and regulatory frameworks of the Land Bank of the Philippines, Development Bank of the Philippines and the Small Business Corp. to allow them leeway to fulfill their mandates.