MANILA — The Philippine government is looking at doubling the country’s 2010 rubber industry production and supply 50 percent of domestic natural rubber requirements by 2016, the Department of Trade and Industry (DTI) said.
DTI Undersecretary Merly Cruz said this is a part of the development plan for the industry, which got a big boost with the signing of a commitment by government, the financial institutions and the industry stakeholders at the 1st Philippine Rubber Investment and Market Encounter or PRIME 2012 in Clark, Pampanga last September 19.
“We envision the Philippines as one of the major natural rubber producing countries in Asia. We are targeting to double the Philippine rubber industry’s production in 2010 and supply 50 percent of domestic natural rubber requirements by 2016,” Cruz said. (Manila Bulletin)