Manila, Jan. 20 -- The Export Development Council (EDC) on Wednesday has approved the revised targets for exports for 2021 and 2022, Department of Trade and Industry (DTI) Secretary Ramon Lopez said.
"We have adjusted the export targets taking into consideration impact of pandemic and weaker global demand. Thus, the revised targets are lower than the original targets where export levels were originally projected to reach over USD130 billion by 2022," said Lopez, who is also the EDC chair.
EDC crafts and oversees the implementation of the Philippine Export Development Plan (PEDP).
For this year, the EDC eyes export revenues to reach USD91.7 billion, or a growth of 12.5 percent.
A big portion is expected from merchandise exports projected...