The electronics sector comprised of 56.9% of total exports, with non-electronic products making up the remaining 43.1% at $30.3 billion, according to the Department of Trade and Industry (DTI).
The DTI’s Export Marketing Bureau has urged domestic businesses, particularly exporters, to utilize an online tool called “Tradeline Philippines” to access world trade statistics.
DOST secretary Fortunato dela Peña said he is expecting more intellectual property (IP) applications and approvals with the recent launch of the National Intellectual Property Strategy (NIPS) 2020-2025.
Subsectors of the creative industry such as animation, gaming, and software development, generated $16.448 million or 73 percent of the total exports of IT-related services in 2018.
The DTI is pushing a P300-million budget for the implementation next year of a new law providing incentives to registered startup companies, as it hopes to release its IRR within this month.
The Department of Trade and Industry (DTI) has set the wheels in motion for the crafting of the country’s artificial intelligence (AI) sector roadmap to position the Philippines as an AI powerhouse in the Asean region.
