EDC to release downgraded export targets next month

THE Export Development Council (EDC) said it is hop- ing to release downgraded targets for the Philippine Export Development Plan (PEDP) next month.

- Justine Irish D. Tabile

“We convened the EDC executive committee weeks ago, where we had presented our simulations, assumptions, and mitigating measures,” EDC Executive Director Bi- anca Pearl R. Sykimte said on the sidelines of the UK- Southeast Asia Tech Week in Manila.

“Unfortunately, we had a very long agenda, so we are soliciting comments from the executive committee members on the simulations. So, we cannot release the final figures yet,” she added.

She said that there were a lot of headwinds in the last few years, which the EDC thought should be considered in setting the new targets.