Marcos wants PH share in global creative industries market increased

PRESIDENT Marcos Jr. yesterday said the Philippines is hoping to collaborate with Japan and other countries to promote and increase the country’s share in the global creative industries market.

The President, speaking before the Creative & Sustainable Economy Through Innovation Event organized by the Department of Trade and Industry, said the Philippine Creative Economy is a prime contributor to sustainable economic development.

Marcos said the global creative industries market, estimated at $2.6 trillion in 2022, is projected to reach up to $3.4 trillion in 2028 and the Philippines “intend to increase our share of the pie of these numbers.”

“One way to accelerate this is in partnering with like-minded countries such as Japan. In the Philippines, we are not just witnessing economic growth; we are crafting a legacy of innovation, creativity, and sustainability for generations to come,” he said.

The President welcomed the holding of the event that paved the way for opportunities for Filipino and Japanese collaborators such as Auro and Mitsukoshi, Banana Cloth, Go Lifestyle Group and STYLEM, and Neun Farben in areas of food, lifestyle, retail, textiles, and game development and animation.

Marcos said he looked forward to seeing the works of Filipino talents in computer animation specializing in Japanese-stylized animation as displayed by an exhibitor from Neun Farben of Japan which has established a successful studio in the Philippines.

“I am very optimistic that this collective effort towards a creative and sustainable economy will foster great opportunities and prosperity for the Philippines and Japan,” he added.

The President said the Tokyo event also showcased an exhibit and fashion show that exemplifies the Philippine-Japan collaboration that is innovation-led and United Nations Sustainable Development Goals (UN SDGs) anchored.

The fashion show featured a contemporary collection of young Filipino designers using indigenous Philippine fabrics blended with high-quality traceable Japanese textiles.