Viability of Trade Research Paper

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Viability of Trade Within the Philippines

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The author is a native of Butawanan, Camarines Norte, a province in the Philippines and currently pursuing a Master's Degree in International Business in China. The purpose of this study is to determine the feasibility and viability of producing high-value vegetable, coconut, rice, and pineapple and fish farming. She inherited a 20-hectare property from her father, which she intends to plant to the said crops should they prove viable. The fish will be delivered by a small boat to the Port City in Mercedes town, which is one hour away from her native town. Mercedes town has a population of 44,375, according to the latest figures. She believes that the present market can support the products she hopes to invest in as can be gleaned from those who have embarked in them and are now reasonably successful. Her experience as restaurant manager in Beijing has exposed her to food importation and trade. She has also managed to save enough capital for the enterprise. The National Capital Region, Manila, is accessible from Mercedes town by bus or by plane and may be a potential market. She is familiar with Manila where she lived. Her parents died when she was only 7 years old and she had to move to Manila. Before coming to Beijing 8 years ago, she worked as a production supervisor in the City. She is now 39 and convinced that she has the material resources, maturity and skill at 39. She feels she will now be able to manage the business. She is undertaking this study to learn the current business environment in the Philippines, her province and Mercedes town, the demand for the crops she intends to produce and other mechanisms involved, and how to go about doing business for these products. The framework interrelates the viability of the crops and fishing with contributing to poverty reduction and economic and ecological well-being in the region.

II. Methodology

This study uses the descriptive-normative method of research in recording, describing, interpreting, analyzing and comparing relevant and updated and traditional data gathered from authoritative sources.

III. Expected Findings and Conclusion

Research Paper on Viability of Trade Within the Assignment

A. Country, Regional and Provincial Profiles

The Philippines is an island republic, located in the East Asia and Pacific region (IBRD 2013). As of 2012, it has a population of 103,775 million with a 1.873% growth rate. With a Gross National Income per capita of U.S.$2,470, it is in the lower-middle income category. Its urban population is 49% of its total population as of 2010. The major cities are Manila as the capital, Davao, Cebu, and Zamboanga (IBRD). One of the 17 administrative regions is Region 5 or Bicol in Luzon with Legazpi City as the regional center, provinces, 7 cities, 107 municipalities, 3,471 barangays or village districts and congressional districts. One of the provinces is Camarines Norte with Daet as its capital. It has 12 municipalities, 282 barangays and is a second-class municipality as of 2007. population is 542,915. Mercedes is a second-class municipality of Camarines Norte with a 47,674 population, as of 2010 census. It has 26 barangays (Oocities 2009). .

The topography of Camarines Norte is generally mountainous (DA 2002, DTI 2003). Coconut is one of its two traditional crops, the other being abaca. It is the largest producer of the Formosa variety of pineapple. The province has a long coastline, which is conducive to fishing, now an important industry to the towns on the coast. The province does not have a pronounced dry or wet season. The rainy season is chiefly in December and April the driest. Camarines Norte is 211,249 hectares with 140,030 or 7.94% of the region certified as alienable and disposable. Forest land accounts for 71,219 hectares or 4.03% of the region. As of 2009, 29,000 families engaged in agriculture (DTI, DA).

B. Potential Crops

Pineapple of the Queen variety is traditionally grown in the province (DA 2002, DA 2013). It is somewhat smaller than the Sweet Cayenne and Red Spanish varieties but crispier even when ripe, not as watery and does not have the acidic aftertaste of the Hawaiian variety. There is a huge demand for pineapple. The demand is so large that production cannot cope with it. Its sweetness, aroma, texture, color and size make pineapple a strong export potential both as in the fresh and processed forms. There are currently 1,267,84 hectares planted to pineapple in the province. Investment areas are farm productivity, post-harvest facilities, processing plant, financial assistance, human resource development and research and development (DA, DA).

Another major crop in the province is coconut. A total of 648,210 hectares are planted to this crop with 25% of the area utilized (DA 2013, DA 2002). The morphological features of the land leave 75% for diversification. It is the fourth-ranking nationwide in terms of total area. But its copra production level of 850 kilograms every year is comparatively lower than its optimum level of 2-4 tons. A coconut farmer earns only P12,750 a year on this industry or P15.00 per kilo. Investment can be made fruitfully on farm productivity; credit and marketing; post-harvest and procession; research, development and extension; infrastructure building and development; and information and technology. Approximately 563,443 hectares are planted to coconut at 37.63%. Approximately 292,671 farmers depend on coconut production for their livelihood. The 1999 copra production at 287,621 MT was lower by 39.1% as compared with 1997 at 473,077 because of the line of typhoons and dry days. But about 59,000 or 84% of coconut trees are productive or fruit-bearing. The province's 7 oil mills need 2.74 billion nuts every year or 4 nuts per day at a daily rated capacity of 2,740 MT of copra (DA, DA).

The other potential major crops are pili, root crops and abaca (DA 2013, DA 2002). Pili has a high export potential for its adaptability to various agro-climatic conditions. It is also versatile. It can be grown alone or with other crops. The kernel is useful in preparing sweets, candies and other pili-based processed products like cakes and ice cream. Root crops are commonly grown in the region. They possess special agronomic characteristics and performance. They can withstand poor soil. They are rich in vitamins, protein and especially potassium. It is processed into noodles, starch, seasoning and sweets. It is also used to produce biodegradable plastics and medical horticultural and sports products. Abaca is still another major exportable crop. Domestically, it is processed into pulp, cordage and fiber. If the problems confronting the abaca industry are effectively and promptly address, the region can retrieve the honor of being the top producer and supplier of abaca domestically and internationally (DA, DA).

Rice production went up by 9% in the province, representing a 5% increase from 2010, according to the Office of the Provincial Agriculturist Francia C. Pajares (Manlangit 2012). Pajares said that this increase was equivalent to more than 100% or 83,000 MT as compared with last year's at 92% or only more than 82,000 MT. She attributed the increase to the effective information dissemination motivation campaign to farmers as well as to the other programs on agricultural technologies by the provincial government. Farmers are encouraged to use compost or organic fertilizer for better harvest. Compost is an organic fertilizer derived from plants and different wastes and other organic materials. Compost can save 50% off commercial fertilizer. It also adds nutrients and holds the soil while producing no harm to people, animals or plants. Through it, farmers can eventually become self-sufficient by not relying on imported fertilizers (Manlangit).

One critical factor in successful vegetable production is the time of planting (Barugoboy 2001). There are four distinct climate types in the Philippines, which establish the planting season and the kind of vegetables best grown in a specific location.

Type II climate has no dry season with strong maximum rainfall from November to January. It covers Region 5, a large portion of Quezon, the eastern part of Leyte and a large part of Eastern Mindanao. Different vegetables can be grown in different months of the year. Okra and squash can be grown year-round. Others that can be cultivated at different times of the year are bitter gourd, cowpea, eggplant, radish, tomato, sponge gourd, kutasi, lima beans, cabbage, cauliflower, celery, chayote, cucumber, garden pea, hyacinth bean, lettuce, melon, musk melon, mustard, big bulb onion, pigeon pea, snap bean, spinach, sugar beet, sweet pepper, waterleaf, watermelon, winged bean and garden bean (Barugoboy).

C. Requirements to Start a Business

Philippine laws require the formal registration of companies or businesses, depending on whether it is a sole proprietorship or a corporation (IBRD 2013). It has immediate benefits. Registered businesses can outlive their founders. Resources in a corporation are pooled. They have access to services and institutions, which include the courts, banks and new markets. Their employees also benefit from formal registration. Limited liability companies enjoy limited financial liability to their investments. This, thus, protect personal assets from risks. Pre-registration requires checking for a business name, preferably online at the Department… [END OF PREVIEW] . . . READ MORE

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