E-commerce should account for a larger share of the Philippine economy and the Trade department is finalizing a roadmap to achieve this.
“We hope by 2020, e-commerce will be 25 percent of GDP (gross domestic product),” Department of Trade and Industry director Maria Lourdes Yaptinchay said on Monday.
The department is currently finalizing a five-year e-commerce roadmap that will hopefully be launched next month, she told an industry forum.
The roadmap will cover areas such as e-commerce policy and payment mechanisms.
The sector, Yaptinchay noted, is already a significant contributor to growth with some 30 percent of Filipinos engaging in e-commerce.
The DTI official also said that as e-commerce gains in the Philippines, better connectivity needs to be ensured.
“We will do better if we have fast internet connection,” she said.
On Monday, the Trade department and e-commerce companies including Lazada.com, Dragon Pay, Zalora and Globe launched the “Cyber Pinoy Sale” in a bid to stimulate online shopping in the country.