Tuesday, February 1, 2011

Eastern Visayas exported $55.05 million in 2010

THE Department of Trade and Industry (DTI) in Eastern Visayas reported that export sales from small medium enterprises (SMEs) in the region have reached $55.055 million in 2010.

Cynthia Nierras, DTI regional director, said the increased direct export generation was a result of the government's Export Pathway Program (EPP) aimed at penetrating the international market.

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Nierras said majority of the income generated from export was contributed by SC Global Coco Products Inc., one of the EPP-enrolled SMEs that the DTI assisted in developing plans of expanding its export market.

"Through our referrals, SC Global realized around 419 percent increase on volume sales order from its market in Europe, the United States, Taiwan and China," Nierras said.

For 2011, the DTI has targeted at least 10 percent increase in export sales as a result of the agency's initiated and facilitated events from One-Stop Documentation Center (OSEDC), international trade fairs, market matching and trade centers.

At least 219 SMEs in the region have been assisted by DTI for the EPP program in 2010.

Meanwhile, the DTI reported the region earned some P212.052 million from domestic investments in 2010.

The top contributors were financing facilitation, P80.821 million; National Economic Research and Business Assistance Center (Nerbac), P51.97 million; and investment facilitation, P45.949 million.

"Total investments generated for the last period in review is 21 percent higher than the accomplishment in 2009," Nierras said.

For this year, Nierras said the agency projects an increase in domestic investments at least 15 percent through trade fairs, market matching, SMEs displays and financing facilitation.

Meanwhile, Nierras said that in an effort to increase income from SMEs, the DTI will continue its capability development program by training them on export awareness, export readiness, market readiness, and market entry and export sustainability.

According to Nierras, literacy training will also be conducted to SMEs for them to become globally competitive by increasing its capability in assessing market through the Internet.

A total of 55 SMEs have been trained last year and they were introduced to different portals and acquired working knowledge in surfing the Internet, skills in uploading and updating marketing information, skills in transacting safe and business, and working knowledge in using Google applications for documents, talk and e-mail.

Source: Leyte Samar Daily News

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