DTI chief shares plans to AMCHAM, urges businessmen to include MSMEs in the value chain
“There is now greater likelihood of success,” Department of Trade and Industry (DTI) Secretary Ramon Lopez confidently told businessmen during the general membership meeting of the American Chamber of Commerce (AMCHAM) of the Philippines, adding that there are now greater chances for Filipinos to step out from poverty.
Following the strong mandate from President Rodrigo Roa Duterte to alleviate poverty and uplift the quality of life by pursuing sustainable economic growth that generates more income opportunities through employment and entrepreneurship, DTI has made this objective at the top of its agenda, according to Sec. Lopez, citing figures on the increasing propensity of Filipinos to become entrepreneurs.
In his keynote speech, the DTI chief briefed the private sector on DTI’s initiatives and thrusts, largely on the development of micro, small and medium enterprises (MSMEs), which is also the priority of the President.
The trade chief urged AMCHAM members to adopt an inclusive business model that integrates MSMEs into the value chain from supply sourcing to distribution. According to him, mall owners have approved, in principle, the proposal to give high-quality products from various towns in the country considerable exposure in the mainstream market.
Employing about 60 percent of the country’s workforce, MSMEs can be frontrunners of “innovation-led and idea-based” entrepreneurship, producing products that are “game-changing, value-adding and can truly make a difference in the market,” he said. Read More »