THE Department of Trade and Industry (DTI) warned exporters to prepare for a more challenging environment in the wake of the fighting in Iran, according to a report by BusinessWorld .
The DTI cited foreign exchange volatility and the possibility that destination markets may impose new requirements for admitting foreign goods as key challenges. These factors could complicate trade flows and increase costs for Philippine exporters.
In a statement, the DTI said export performance could be dampened by these developments, urging businesses to closely monitor the situation and adjust their strategies accordingly.