Connect with us

Hi, what are you looking for?


National strategy for logistics industry due in December


THE government is drafting a national strategy for the logistics sector for launch next month, with the goal of attracting more investment into the industry, the Department of Trade and Industry (DTI) said.

Assistant Secretary Mary Jean T. Pacheco said on Thursday on the sidelines of the Procurement and Supply Institute of Asia (PASIA) World Global Annual Educational Conference 2022 in Pasay City that the national logistics strategy is expected to be launched on Dec. 19.

“We are currently drafting a national logistics strategy that will identify and set the roadmap for the short term, medium term, and long term. It is akin to a roadmap but this is more like laying out the strategies,” Ms. Pacheco said.  

“It involves everything in logistics such as adopting technology, modernization, reducing costs, addressing issues, private and public investment, and workforce development,” she added.

According to Ms. Pacheco, government agencies involved in developing the national logistics strategy include the DTI, the Department of Transportation, the Department of Agriculture, and the Department of Public Works and Highways.

“We need a long-term plan that will address logistics in the country. We are an archipelago. We need to make sure that the country is connected especially now in the era of e-commerce,” Ms. Pacheco said.

“We need to have unimpeded movement and North to South connection,” she added.

PASIA Chairman Jesus Carlos P. Villaseñor said the Philippines needs to become a member of the Regional Comprehensive Economic Partnership (RCEP) trade agreement.

“We need to be a part of the RCEP. We need to get it signed because economies are trying to position (around) regional blocs and we cannot just depend on big economies for output. We need to be self-reliant as well. The time to move is really now because the time is working against us,” Mr. Villaseñor said.

RCEP, touted as the world’s largest free trade agreement, started taking effect in the various member countries on Jan. 1. It involves Australia, China, Japan, South Korea, New Zealand and the 10 members of the Association of Southeast Asian Nations.

Philippine participation in the RCEP has yet to be decided following concerns regarding the lack of safeguards for the agriculture sector. The Philippines and Myanmar are the only remaining countries yet to ratify RCEP. — Revin Mikhael D. Ochave

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!


Editor’s Pick

Holiday bookings for three-star destinations are starting to drop as households hit by the cost of living crisis cut back amid rising bills, according...

Editor’s Pick

Pubs and restaurants have suffered a collapse in Christmas party bookings due to next week’s UK rail strikes. Industry chiefs suggest the plunge is...

Editor’s Pick

Meta Platforms has decided not to occupy part of its recently developed European HQ in Dublin and will instead sublet some of the site....

Editor’s Pick

Hundreds of soldiers have been told their Christmas leave is cancelled for the second year in a row after they were drafted in to...


Data is becoming the lifeline of businesses today. Organizations are beginning to realize that they have to know how to store and manage data...


Five-dollar bills are inspected at the Bureau of Engraving and Printing in Washington, D.C., March 26, 2015. — REUTERS THE PHILIPPINES’ dollar reserves dipped...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.