foreign agricultural service gain report global agriculture information network required public distribution date 7 29 2002 rp2053 philippines exporter guide annual approved by michael d woolsey us embassy prepared ma ramona c singian highlights the is 15th largest importer of american food and products exports fish forestry amounted to 830 million 12 lower than previous year due weakening peso real gdp reached 3 2 percent in 2001 target for growth currently pegged at 4 5 filipino consumers have a strong affinity distinct preference philippine regulations labeling requirements are patterned after drug administration standards which make entry relatively easy retail sectors experiencing tremendous change because combination demographics political economic developments multilateral trade agreements evolving consumer preferences sophistication includes psd changes no matrix manila rp1 rp page 1 18 unclassified usda section i market overview general