Export Sector Warns Duterte Arrest Protests Risk Trade Stability, Investor Confidence

The Philippine Exporters Confederation Inc. (Philexport) has raised concerns that potential mass protests following former President Rodrigo Duterte’s arrest could destabilize the country’s political image, further straining exporters already grappling with high fuel costs, bureaucratic hurdles, and inconsistent policies. Philexport President Sergio Ortiz-Luis Jr. warned that perceptions of instability might deter international buyers, jeopardizing $6.37 billion in January 2025 exports.

While January’s export figures rose 6.3% year-on-year, Ortiz-Luis stressed that protests could compound challenges, placing the Philippines “at the bottom” of investor and tourism preferences. However, Philippine Chamber of Commerce and Industry Chairman George Barcelon noted it is “too early” to gauge the arrest’s economic fallout, emphasizing business continuity and ongoing efforts to attract foreign investment.

Despite uncertainties, industry leaders cautiously hope disruptions remain minimal, with Barcelon asserting optimism in the private sector’s resilience. The clash of perspectives underscores tensions between immediate political risks and long-term economic strategies as stakeholders monitor the situation.