GMA News Online

PHL boosting foreign trade service

September 21, 2012 1:58pm
The Department of Trade and Industry said Friday it is hiring more foreign trade service officers to boost trade and investment campaigns overseas. 
“We will be hiring more FTSOs as we move to further intensify our trade and investment promotion activities abroad and advance Philippine trade policy negotiations with our trading partners, thereby expanding market access for our products and services,” Secretary Gregory Domingo said in a statement.
The officers represent the Trade Department in foreign countries by managing the Philippine Trade and Investment Centers (PTIC), through which they stage trade policy negotiations, business matching, market intelligence, trade and investment counseling, event organizations, commercial diplomacy advocacy and support.
The Philippines maintains 32 PTICs in key cities in Europe, Middle East, North America, and Asia and the Pacific, supported by a coordinating office in Manila.
The earlier estimated the country’s trade and investment earnings
to double by 2016, saying total exports are expected to hit $120
billion, using $60 billion in merchandise and service exports in 2010 as baseline.
Now in place is a globally competitive trade and investment promotion programs, according to the Trade Department. Run by Filipino global marketing and intelligence teams, the programs are in North and South America, Europe, Middle East and Africa, South Asia, ASEAN, Australia, New Zealand and territories in the Pacific, East Asia, and China and its Special Administrative Regions. — VS, GMA News
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