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Thursday, July 18, 2019

DTI: Patronize local products to help boost economy

AS ENTREPRENEURS in Negros Occidental are urged to innovate and improve products for more export opportunities, the Department of Trade and Industry (DTI) is also calling on consumers to help boost local economy by patronizing local products.

Chief Trade and Industry Development Specialist Rachel Nufable of DTI- Negros Occidental said that because of Asean integration, some imported commodities will have already zero tariffs by the end of 2015.

She said that there will be a free entry of goods and services among the 10 Southeast Asian countries; thus, local consumers may have the tendency to patronize more imported products.

“Negrense consumers have to realize that patronizing local products helps producers in the province who are competing with their foreign counterparts,” Nufable said.

She noted that many Filipinos, especially the younger generation, have a colonial mentality and appreciate foreign products over those locally made.

Local producers are continuously doing their best in making products that are competitive, but sometimes “we take our own products for granted,” Nufable added.

Nufable said that local producers should also serve local consumers with the best that they can give.

“If they cannot compete within the local market, how can they be competitive in the international market,” the DTI specialist said.
Nufable further said the integration in effect could include free flow of services and raw materials thus, more investors are expected to come in.

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