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LOPEZ ASSURES TRADE AND INDUSTRY GROWTH TO PH EXECUTIVES. Department of Trade and Industry Secretary Ramon Lopez (top row, 4th from L) recently (21 February) urged the US-Philippines Society board members to continue contributing towards the development of Philippine business and economy. During the organization’s 5th Anniversary Meeting and Business Mission in Makati, Sec. Lopez shared the developments initiated by the government on trade, investment and industry, adding that the Philippines is experiencing a period of factory resurgence, where it is shifting from a service-driven economy to manufacturing. The technology-driven sectors, such as Information Technology (IT) and Business Processing Outsourcing (BPO) are also given importance as DTI is geared towards generating more jobs on programming, app development and information and technology. He also highlighted the government’s advocacy in empowering the micro, small and medium enterprises (MSMEs). “We want to raise an ecosystem where businesses would capitalize on their ideas. This way, they could create more value adding products that would differentiate ours to the rest of the world,” he said. The Philippines is also pushing for the conclusion of the Regional Comprehensive and Economic Partnership (RCEP), which will expand ASEAN’s market through its six Dialogue Partners. Also joining the secretary were Department of Finance Secretary Carlos Dominguez III (top row, 5th from L), Socioeconomic Planning Secretary Ernesto Pernia (top row, 3rd from R) and Department of Budget and Management Secretary Benjamin Diokno (top row, 2nd from R), with executives of the member organizations and companies of the US-Philippines Society, including Ambassador John Negroponte (top row, leftmost) and Manny V. Pangilinan (top row, 4th from R) and Honorary Chair Washington Sycip (bottom row, center). (END)

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