Ambassador Alfredo Yao, the new president of the Philippine Chamber of Commerce and Industry (PCCI), is appealing to Filipino consumers to strengthen their support for Philippine-made products to buffer the possible negative impact of the Asean Economic Integration to domestic industries come 2015.
Asean is the Association of Southeast Asian Nations.
“The SMEs [small medium enterprises]compose 95 percent of our economy . . . How can we strengthen and make the Philippine economy competitive? That is why [the public should]support and buy Philippine made products,” he said.
“I don’t think we are competitive when the Asean economic integration happens in 2015, but we as stockholders can do something drastic through the ‘Buy Pinoy’ movement because we cannot stop them [other Asean countries]from putting their products here,” Yao added.
He explained that the “Buy Pinoy” movement and advocacy can make more local manufacturers improve their efficiency, lessen production cost and create more employment.
The new PCCI president also urged businessmen who are members of the chamber to source all their inputs domestically.
“I may sound very nationalistic and might be alone, but I hope not,” said Yao.
He also said that “Buy Pinoy” should also extend to patronizing the country’s tourism offerings.
“We have to love our own first. Our Boracay is a lot better than Bali,” Yao added.