Issue of May 5, 2019
     
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NEDA says Cordillera should strengthen its agri industry
by Marlo T. Lubguban

Various government agencies in the Cordillera noted the 7.3 percent growth of regional economy in 2018 but recognized the need to spread it beyond Baguio City and disperse it to the rest of the region.

The gross regional domestic product of the region in 2018 was estimated at P164.9 billion, which saw increases in production from the industry at 9.2 percent and services sector at 7.5 percent.

The only sector that decreased in production in 2018 is agriculture with a 5.3 percent decline. The Philippine Statistics Authority-Cordillera said that despite the decline, the agriculture sector is not large enough to affect the overall growth of the region’s economy.

The over P12-B worth of production in the agriculture sector is only 7.3 percent of the region’s economy, which is largely led by the industry sector at 53 percent.

The industry sector is concentrated in Baguio City. The rest of Cordillerans are employed in the services and agriculture sector. 

The National Economic Development Authority-Cordillera advised that steps must continue to be taken to improve the agriculture sector since, as PSA noted, over 40 percent of all workers in the region are employed in the sector.

The Department of Agriculture added that typhoons Ompong and Rosita adversely affected the sector and partially to blame for the decline in the agricultural production. Nonetheless, the agriculture sector has contributed the least to the regional economy in the past years.

NEDA asserted the need to add to the value of the crops produced in the region. Post-production processing of agricultural goods like corn, coffee, high-value vegetables, and other crops must be done in the region to increase its value and farmer income which will ultimately lead to increased contribution of the sector to the overall GRDP.

The Department of Trade and Industry added that they continue to promote and foster the growth of micro, small and medium enterprises or MSMEs.

The Cordillera is an agri-based region, DTI Regional Director Myrna Pablo said, but it must move beyond merely supplying raw materials.

“We must add value to our production,” she said.

Various government agencies were invited to discuss the growth of the Cordillera economy during the press conference on the 2018 Report on the Economic Performance of the Cordillera.

 
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BUSINESS
Firms bag $42 M export sales

AANZFTA eyes self-certification to facilitate trade of products

GDH sector launches Ma’I brand to boost int’l competitiveness

PH foods to join New York’s biggest specialty food event

Gov’t urged to mull another fare hike

Recipients of free-range hens in Bontoc undergo training

Gov’t jobs top vacancies on Labor Day job fair

Cupping competition features budding Ifugao coffee industry

Hojap MPC grows to become leading maker in Asipuo

Sen Lacson pushes for people’s participation in budgeting

BOC exceeds April collection aim by 3%

New laws greet Filipino workforce on Labor Day

Public warned vs overcharging airport cabs using DOT logo


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