PH exports seen hitting $240.5 billion in 2028

The country’s exports could possibly reach $240.5 billion by 2028, more than double the $113-billion level expected this year, by lifting the land ownership ceiling for agricultural investors, attracting major global players, scaling up exports of primary products, and integration of all players to fill up value chain gaps.

To achieve the $240.5 billion export level, Habito said his two foremost recommendations include the lifting of the land ownership ceiling only for big investors in agriculture to immediately scale up exports, and integration of government policies into one nation approach to be an exporting country.

“Others are increasing in multiples but ours is just a fraction,” he said as he related the export performance to PEDP, which supposedly is a masterplan to push the country’s exports. Habito also said that the country’s exports can be influenced by preferential trading agreements. At present, the Philippines is only part of 10 free trade agreements but its ASEAN neighbors are part of as many as 27 FTAs.

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