Gifts, decor industry gets more govt help
Credit to Author: LISBET K. ESMAEL| Date: Wed, 22 May 2019 16:15:44 +0000
The government seeks to further ramp up the gifts, décor and houseware (GDH) sector to support its growth.
Despite the decline seen in the Philippines’ total export sales last year, the GDH sector realized a 23.9 percent boost in exports to $206.34 million from 2017’s $166.54 million.
“The continuous growth of the country’s GDH sector is largely boosted by the collaborative efforts of government and private sector stakeholders to further push the competitiveness of the industry through various initiatives such as industry policy interventions, product development, strengthening the supply chain, and promotion activities,” the Department of Trade (DTI) said in a statement released Wednesday.
The agency particularly noted the relaunch of MA’I Lifestyle, the industry’s official brand, which helped bolster its presence in the global arena as “a primary source of reliable GDH products.”
“Initiatives to further boost the country’s gifts, décor and houseware are finally paying off as the Philippines continues to carve a niche in the international market as the preferred source of globally-competitive, innovative, and quality GDH products,” DTI also said.
The government is also eyeing potential partnerships with the DTI Center for International Trade Expositions and Missions (CITEM) and Export Marketing Bureau (EMB) for a possible participation in trade expositions in other foreign markets..
“For this year, the BOI (Board of Investments) will continue supporting the sector through partnerships with relevant agencies in identifying training opportunities that can further capacitate the industry,” DTI added.
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