Aquino OKs 3-year export plan

MANILA, Philippines – The Export Development Council  (EDC) on Wednesday said President Aquino III approved the Philippine Export Development Plan (PEDP) for the years 2015 to 2017.

“The PEDP 2015-2017 is approved by President Benigno Aquino III in a memorandum circular, which also instructs all concerned government agencies to collectively work and review all relevant policies to facilitate exports and eliminate those that hamper its free flow,” EDC said.

The PEDP lays out the three-year targets and strategies for the development and growth of the country's export industry.

EDC said the three-year strategic development was an important part of the International Trade Strategy of the Philippine Development Plan which is a  a comprehensive economic and social development program  designed to achieve inclusive growth and ease poverty.

“It (PEDP) lays out a three-year plan of providing a business environment supportive of trade, growth and innovation that would enable domestic industries to establish their niches in regional and global markets, in turn, raising the status of the Philippines in the global value chain,” EDC said.

Aquino last approved the PEDP for the years 2011 to 2012 on July 2011.