Government Cuts Trade Targets

Export and import targets were slashed to three and seven percent this year from the original five and 10 percent, respectively. For 2017, they were cut to six and 10 percent and eight and 11 percent in 2018. Preliminary goals of 10 and 12 percent for 2019 and 2020, and 11 and 13 percent from 2021 to 2022 were also set. However, the government still expects the BOP (balance of payments) and current account to remain in surplus. Peso trading…

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