PITC urges SMEs to go for mar­ket ex­pan­sion


THE gov­ern­ment is urg­ing small and medium en­ter­prises ( SMEs) to ex­pand mar­kets be­yond Philip­pine shores as a way of con­sol­i­dat­ing big­ger im­por­t­ex­port out­puts.

“Cur­rently, for our out­put for the top coun­tries that we’re ex­port­ing to, Ja­pan is on top of the list. So, if you ex­pand into, for in­stance, the so­cial­ist coun­tries to which we can ex­pand ag­gres­sively, I think the out­put of both im­port and ex­port would be even big­ger,” Dave Al­marinez, newly-ap­pointed pres­i­dent and - pine In­ter­na­tional Trad­ing Corp. (PITC) said on Thurs­day.

The Philip­pine’s top trad­ing part­ners are Ja­pan, China, US, Sin­ga­pore, Hong Kong, Ger­many, South Korea, Thai­land, Tai­wan and The Nether­lands.

“There­fore, there will be more busi­nesses that would be gen­er­ated if we’re ex­pand­ing, not lim­it­ing to par­tic­u­lar coun­tries,” Al­marinez added.

The PITC’s role is to en­gage in ex­ports, trade ser­vices and spe­cial trad­ing ar­range­ments. It also en­sures the most ef­fi­cient and cost- ef­fec­tive pro­cure­ment ser­vices, and con­trib­utes to price- sup­ply sta­bi­liza­tion of goods and ser­vices.

“More ex­pan­sion— we’re not —gen­er­at­ing more rev­enues and gen­er­at­ing more jobs, directly af­fect­ing more Filipinos. In the end, our fel­low­men will gen­er­ate all of this,” Al­marinez noted.

The PITC in­tends to give peo­ple easy ac­cess, par­tic­u­larly those who want to ex­pand their busi­nesses.

“We will give equal chance, weather you’re big or small, to re­ally ex­pand be­yond do­mes­tic, es­pe­cially in in­ter­na­tional mar­kets,” Al­marinez said.

For small busi­nesses, the “PITC would be the lead agency for them to part­ner with, if they don’t have the net­work yet. We will give them ad­vice, we will give them the pos­si­ble in­for­ma­tion and guid­ance. If not, part­ner to match which is best for them,” he added.

Newspapers in English

Newspapers from Philippines

© PressReader. All rights reserved.