Tuesday, August 12, 2008 Davao's export revenues increase: DTI By Joy Romares-Sevilla
THE product promotion of the One Town One Product (Otop) of the regional office of the Department of Trade and Industry (DTI) has contributed to the significant increase in export revenues generated in the region as of the first semester of the year.
In its accomplishment report, DTI-Southern Mindanao said exports income with the Otop promotion reached US$8.4 million, from January to June, more than US$1 million as compared to the same period last year.
Otop is one of the activities of the DTI to maintain or further improve the level of exports generation in the region.
Other activities are through international trade fairs and through the One Stop Export Documentation Center (OSEDC).
DTI said the increase shares of international trade fairs and Otop implied more pro-active endeavors from the agency since OSEDC processes are regulatory requirements needed prior to exporting, and are dependent on walk-in clients.
Earlier, DTI said that domestic sales from various activities conducted by its office have increased by 62 percent in the first semester of this year, as compared to the same period last year.
Domestic sales as of June this year were placed at P273.72 million, from P167.98 million posted in the same period last year.
DTI said the bulk of domestic sales accomplishment originated from monitored declarations of clients as a result of their participation to core activities of the agency, which comprised 88.8 percent; followed by sales generated from on-site trade fair sales with 10.06 percent; and financing facilitation with 7.2 percent.
