The Philippine economy showed “robust resilience” in the first quarter of 2025, driven by strong consumer spending and dynamic industry contributions, the Department of Trade and Industry (DTI) said Thursday.
In a statement following the release of the first-quarter GDP figures, Trade Secretary Ma. Cristina Roque reaffirmed the DTI’s commitment to keep this momentum, ensuring that the growth will be inclusive and sustainable.
The Philippine Statistics Authority (PSA) reported that the gross domestic product (GDP) grew by 5.4 percent in the previous quarter, an uptick from the 5.3 percent increase in the fourth quarter of 2024.
“Our focus remains on attracting high-quality investments in key sectors, ensuring consumer protection and empowering micro, small and medium enterprises and local industries,” the trade chief said.
“We are actively fostering a business-friendly environment that drives innovation, generates quality jobs, and enhances the local and global competitiveness of Philippine products and services.”
Roque outlined several strategic priorities of DTI, including expanding market access, streamlining regulatory processes, and providing targeted support to industries.
Currently, DTI is negotiating free trade deals with United Arab Emirates and the European Union, while exploring possible free trade agreement with Chile.
Roque said these efforts are aimed at ensuring that “benefits reach all Filipinos”.
She added the DTI will continue to engage stakeholders and adjust policies as needed.
“Through a whole-of-government strategy, we are confident in building a resilient and prosperous Bagong Pilipinas,” Roque said. (PNA)
