Exports are projected to reach $84.4 billion in 2010 in a new three-year Export Development Plan that President Gloria Macapagal-Arroyo has approved, the government-private sector Export Development Council (EDC) said.

The plan puts export earnings at $64.2 billion in 2008, up nine percent from $58.8 billion in 2007.

However, the Philippine Exporters Confederation said these projections might have to be reviewed because the global financial meltdown might have rendered them unrealistic.

The EDC said that under the plan, which President Arroyo approved last month, exports of goods are expected to grow by 4-8 percent and exports of services by 35-40 percent. (READ MORE)