MANILA — The Department of Trade and Industry (DTI) is working with online retailer Amazon to help micro, small and medium enterprises (MSMEs) expand their market. The volume of business registrants with the DTI has jumped up compared to its records of previous years.
“This only shows how entrepreneurs are adjusting to the new normal due to the coronavirus pandemic,” Trade and Industry secretary Ramon Lopez said, “but there is still a need for these enterprises to differentiate themselves to compete in the global market.”
The DTI is helping MSMEs go online through the Virtual National Trade Fair, as well as other e-commerce platforms.
“This will mainstream the products of MSMEs, while establishing their online presence and help them generate sales despite the lockdown restrictions,” he said.
To help businesses, the DTI has been providing assistance through different MSME development programs.
“Last year, we had many new Philippine sellers on Amazon, and our contacts in Amazon have been working with us to get in touch with more local businesses,” Lopez said.
The DTI has also partnered with Union Bank of the Philippines to digitize sari-sari stores or the small general merchandise stores in local neighborhoods.
Businesses registered with the DTI for the year has reached over 108,000. As of January, the number of online business name registrations has reached 1,539. While in 2020, a total of 916,163 businesses registered with the DTI, up from 637,567 in 2019.
Online businesses registered with the DTI, meanwhile, reached more than 86,000 in December of 2020 from just 1,700 in the January to March 15 period of the same year. (JSM/JuanManila)