PHILEXPORT trustee for the chemical sector Oscar Barrera stressed that exporters would earn more revenues with weaker currency, as locally-produced goods could be sold cheaper as compared to imported goods.
To improve the country’s trade competitiveness, Barrera also underscored the need to rationalize the rules and laws affecting business.
He cited the perennial problem of local government ordinances which allow local governments to tax even trucks that pass through their barangays or cities. These add to the cost of doing business and distribution around the country, said Barrera.
With adequate support, he expressed optimism that manufacturing, particularly the chemicals industry could grow as much as 15 percent a year compared to only three to five percent it posted in 2011.