DTI bares move to forge part­ner­ship with Sippo, in­crease ex­ports to Bern

Business Mirror - - ECONOMY - Cather­ine N. Pil­las

THE Philip­pines is seek­ing part­ner­ship with a Swiss gov­ern­ment-backed or­ga­ni­za­tion to com­ple­ment the re­cently inked Philip­pines-Euro­pean Free Trade As­so­ci­a­tion (Philip­pines-Efta) Free Trade Agree­ment, and boost Manila’s ex­ports to Bern.

The Depart­ment of Trade and In­dus­try (DTI), in a news state­ment re­leased on Fri­day, said the Philip­pines’s in­tent to join the Swiss Im­port Pro­mo­tion Pro­gramme (Sippo) was dis­cussed dur­ing this week’s se­cond meet­ing of the Philip­pines-Switzer­land Joint Eco­nomic Com­mis­sion.

Sippo is a pro­gram of Switzer­land Global En­ter­prise, a non­profit or­ga­ni­za­tion com­mis­sioned by the Swiss gov­ern­ment’s State Sec­re­tar­iat for Eco­nomic Af­fairs, aimed at fa­cil­i­tat­ing ex­port, im­port, and in­vest­ment pro­mo­tion of small and medium en­ter­prises in Liecht­en­stein and in Switzer­land.

Aside from pro­mo­tion of Switzer­land as a trade and in­vest­ment des­ti­na­tion, the pro­gram also helps small and medium en­ter­prises (SMEs) from se­lect de­vel­op­ing coun­tries as im­port sources.

It helps SMEs in these de­vel­op­ing coun­tries through fair sup­port, mar­ket de­vel­op­ment and strength­en­ing of their busi­ness sup­port or­ga­ni­za­tions to ease ac­cess to the Swiss and EU mar­kets. Cur­rently the pro­gram sup­ports SMEs from 17 part­ner-coun­tries and sec­tors in gain­ing ac­cess to the EU, Switzer­land and other Efta coun­tries. Coun­try se­lec­tion is based on ex­po­sure to the Swiss and EU mar­kets, among other cri­te­ria. Sippo has con­cen­trated its in­ter­ven­tions on the “last mile” of the prod­uct de­vel­op­ment- cum- ex­port value chain, namely, match­mak­ing be­tween ex­porters and im­porters on the Swiss and EU mar­kets.

Switzer­land is the Philip­pines’s 25th trad­ing part­ner with to­tal bi­lat­eral trade val­ued at $556 mil­lion. The fig­ure is fore­seen to in­crease with the FTA, cou­pled with trade pro­mo­tion and co­op­er­a­tion ac­tiv­i­ties un­der the Joint Eco­nomic Com­mis­sion.

Newspapers in English

Newspapers from Philippines

© PressReader. All rights reserved.