Last month, Philippines hosted the 21st Meeting of the ASEAN Economic Ministers-Ministry of Economy, Trade and Industry of Japan Economic and Industrial Cooperation Committee’s (AMEICC) Working Group on Chemical Industry (WG-CI) to identify best practices in chemicals regulation as well as lock-in concrete interventions needed to address chemical safety issues and promote chemical safety management.
The chemicals industry is one of the largest manufacturing sectors in the country with revenues reaching PHP 330 billion in 2009. It involves the manufacture of basic chemicals, rubber products, plastic products and other chemicals. The industry has extensive links with other industries including agriculture/agribusiness, automotive, cement, creative, construction, energy, fishing, health, housing, and pharmaceuticals industries.
DTI also announced to delegates of the Association of Southeast Asian Nations (ASEAN) member states and Japan that the Philippines’ chemical industry has experienced a strong, sustained, and double digit growth of 16.5 percent in 2015, surpassing its 2014 growth rate of 4.9 percent.