The reported high cost of shipping not only has negative implications for the overall efficiency, competitiveness and growth of the Philippines, but it also makes it more difficult for the Government to achieve its poverty reduction objectives. Inefficient port and shipping services can make foreign imports , particularly of agricultural commodities, more financially attractive, and in the case of exports, they would reduce the potential income of farmers and producers in Mindanao and other islands.
|Source Institution||World Bank|
|Place of Publication||Manila|
|Original Publication Date|