The Philippine Economic Zone Authority (PEZA) is still confident in reaching its $100-billion export revenue target for the year.
In an interview with BusinessMirror, PEZA Director-General Charito Plaza said that their 2021 outlook is supported by the improving COVID-19 situation in other countries, which can boost exports in the Philippines.
Plaza added that they have been working with the Bureau of Customs, Philippine Ports Authority, and other agencies to resolve constraints in the delivery of raw materials and other goods to ecozone locators.
Despite downgrading its investment approval growth to five per cent, PEZA still showed a 17.35% growth from January to August as it registered a $40.692-billion export income.
The Director-General added that the ecozone authority continues to contribute 65% of export income on commodities and goods, and export service income of 85% from IT-BPO and tourism-oriented companies.