The Philippines hopes to tap the Women Exporters in the Digital Economy (WEIDE) Fund which seeks to support women entrepreneurs in developing and least-developed countries by enhancing their access to digital technologies and expanding their online business presence.
During a dinner hosted by the Department of Trade and Industry (DTI) in Manila recently, Dr. Ngozi Okonjo-Iweala, director-general of the World Trade Organization (WTO), provided updates on the WEIDE Fund, which was launched earlier this year at the WTO’s 13th Ministerial Conference in Abu Dhabi.
The DTI said the dinner was attended by Filipino women entrepreneurs who exchanged insights about strategies for building equitable global trade frameworks.
The DTI said in the dialogue, the attendees affirmed their commitment to further empower Filipino entrepreneurs while implementing measures that accelerate their success on the global stage.
Officials in attendance vowed to advance regulations on inclusiveness and digital innovation to uplift domestic enterprises.
The business leaders also contributed practical insights based on their experiences in navigating the local and foreign markets.
The visit of Okonjo-Iweala also marked the start of a series of high-level engagements aimed at deepening collaboration and strengthening the relationship between the WTO and the Philippines.
Roque highlighted the country’s significant role in facilitating inclusive trade policies, promoting sustainable economic growth, and fostering innovation.
“The WTO continues to be a key platform in our nation’s drive for global competitiveness, with a particular focus on empowering local businesses. Dr. Okonjo-Iweala’s visit demonstrates the critical need for collaboration with international leaders to shape policies that are equitable, forward-thinking, and innovation-centered,” Roque said.
Okonjo-Iweala recognized the Philippines’ involvement in the multilateral trading system and its proactive national initiatives, which are critical to level the playing field for underrepresented groups.
