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    • MARKET DEVELOPMENT UPDATE: EXPLORING VAST POTENTIALS OF INDIAN MARKET

      By Michael Alfred V. Ignacio / Philippine Trade and Investment Center, New Delhi   INDIA, long considered a sleeping economic giant, is now undoubtedly cementing its position as among the world’s major economies. As of the fourth quarter of 2016, it enjoyed the distinction of being the world’s fastestgrowing major economy, with growth rates averaging over 7 percent.   Undoubtedly, India has become an attractive export market with balance of trade skewing sharply to the advantage of its major partners. The Philippines, also one of the world’s consistently fastest-growing economies, lags behind other countries that trade with India. India is ranked as the Philippines’s 20th trading partner with balance of trade sharply in India’s favor, at 75 percent to 25 percent. This only means trade...

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    • DTI PROMOTES IT-BPM TO SODEC, JAPAN

      By Gliceria N. Cademia / Trade and Industry Development Specialis, DTI-EMB Services Division   The Department of Trade and Industry’s Export Marketing Bureau (DTI-EMB) and the Philippine Trade and Investment Centre (PTIC) Tokyo in partnership with the Philippine Software Industry Association (PSIA), and the Department of information Communication and Technology (DICT) held an Outbound Business Matching Mission (OBMM) for the information technology-business-process management (IT-BPM) sector and its participation to the Software Development Expo (Sodec) 2017 at the Tokyo Big Sight, Tokyo, Japan, from May 9 to 12.   A major component of the Bureau’s OBMM is the conduct of the business-tobusiness (B2B) matching with Japanese counterparts.   The mission aims for market exposure to the annual...

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    • DTI-CITEM TARGETS $22-M EXPORT DEALS IN TAIWAN FOOD MARKET

      Sixteen top Philippine food manufacturers will headline the Philippine delegation that will showcase their products at Food Taipei, the Taipei International Food Show to be held from June 21 to 24, at the Taipei Nangang Exhibition Center.   Organized by the Taiwan External Trade Development Council (Taitra) and considered as one of Asia’s leading food shows, the show will coincide with five events and over 1,500 exhibiting companies.    The Food Philippines exhibition is part of the efforts of the Department of Trade and Industry, through the Center for International Trade Expositions and Missions (DTI-Citem), to strengthen the position of the Philippines as a leading source of premium, natural, healthy and ready-to-eat processed food and beverages in the Taiwan food market.     Exhibitors will be...

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    • MARKET DEVELOPMENT UPDATE: ‘Slow Food’ presents opportunities for PHL food exporters

      By Magnolia Uy and Ella Burgos / Philippine Trade and Investment Center-Geneva   The “Slow Food” movement in Switzerland has progressed into high gear recently with books and films raising awareness of the dangers of a fast-food diet for humans and the planet. Two leading retailers, Migros and Coop, played a key role in the Slow Food movement since the early 1990s when they first placed organic products on their shelves. It was a decision that proved to be a breakthrough for chemical free foods, putting them for the first time on the plates of the average Swiss family.     Slow Food began in Italy in 1986 with the foundation of its forerunner organization, Arcigola, to resist the opening of a McDonald’s near the Spanish steps in Rome. The Slow Food organization spawned by the movement has...

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    • PHL EXPLORES NEW WAYS TO DIVERSIFY INDUSTRIES: TO CREATE IS TO DRIVE ECONOMIC GROWTH

      By Celynne Layug and Brian Jay Ambulo   Business columns tend to feature opportunities for our exporters and industry stakeholders. Creative economy, creative thinking  and creative cities are topics not usually associated with trade and investment. However, it is a wellknown saying that the first industrial revolution was driven by engineering; the second was driven by electricity and production lines; the third was technology and innovation; and the modern economies that undergo a fourth revolution are those that embrace and support human creativity.   As the Philippines explores new ways of diversifying its industries, how does creativity—the engine for ideas, heritage, culture and the arts—make way for job creation, social inclusion and economic growth and development?   Creative economy is...

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