According to a report by the Philippine BusinessWorld on July 14, President Aquino approved the "2011-2013 Export Development Plan" submitted by the Philippine Export Development Council this Tuesday. The plan indicates that driven by factors such as China's sustained economic growth and post-disaster reconstruction in Japan, the Philippines' annual export growth rate will reach 10% over the next three years. Relevant officials from the Presidential Palace also pointed out that although the plan only extends to 2013, the government hopes to maintain a 10% annual export growth rate until 2016.
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