IBPAP, SEIPI join forces to boost PH exports

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IBPAP, SEIPI join forces to boost PH exports
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  • The IT and Business Process Association of the Philippines and the Semiconductor and Electronics Industries in the Philippines Association have joined forces to boost Philippine exports
  • Through a memorandum of agreement, the two organizations recognized the need to align future priorities and bolster exports
  • The two sectors contribute over 20% of the country’s gross domestic product or GDP

The IT and Business Process Association of the Philippines (IBPAP) and the Semiconductor and Electronics Industries in the Philippines Association (SEIPI) have joined forces to enhance the country’s exports.

The associations signed a memorandum of agreement designed to boost the positive impact of their sectors on economic progress, innovation, and the promotion of environmental, social, and governance (ESG) initiatives in the Philippines, IBPAP said.

They noted the IT-BPM (Information Technology and Business Process Management) sector and the semiconductor and electronics industry play a crucial role in the country’s economy, contributing significantly to job creation and revenues. Together, they contribute over 20% of the country’s gross domestic product.

Dan Lachica, SEIPI’s president, sees this partnership as a significant milestone uniting key exporters to boost exports and economic growth in the Philippines.

He highlighted the potential for this collaboration to harness “collective strengths” of SEIPI and IBPAP, ushering in an era of innovation, efficiency, and global competitiveness in the Philippine export industry.

The MOA covers five key areas of cooperation with the goal of accelerating the growth of both industries in the Philippines:

  1. Making it easier for businesses by working with governments and advocating for simplified policies
  2. Collaborating on addressing social, environmental, and governance issues
  3. Promoting advanced BPO services in the semiconductor and electronics sector, especially in research & development and integrated circuit design
  4. Attracting investors and creating jobs through effective marketing and communication strategies
  5. Using new technologies like AI to improve practices, share knowledge, and promote emerging tools in both industries

IBPAP President and CEO Jack Madrid reiterated the organization’s commitment to driving the sustained growth of the IT-BPM sector, generating more employment opportunities for Filipinos, and supporting the country’s economic progress.

The collaboration aligns with the Philippine IT-BPM Industry Roadmap 2028 and the IT-BPM ESG Program, with a focus on engaging with stakeholders from the government, academia, and allied sectors, such as the semiconductors and electronics industry, Madrid added.

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