Tuesday, June 19, 2007

2nd Visayas OTOP Fair Earns P3M; Top Seller is Region 6

by Venus Villanueva

The recently-held 2nd Visayas OTOP Fair in Boracay Island, Malay, Aklan joined in by three Visayan regions – 6, 7 and 8 netted a total of P3,105,321.50 in sales.
The Department of Trade and Industry, Kalibo, Aklan revealed that the top seller in the fair was Region 6 comprised by the provinces of Western Visayas. It earned a total of P2,220,450.00 in cash, booked orders and under negotiation arrangements; Region 7 earned P545,386 in cash and booked orders; and Region 8 – P339,485.50 in cash, booked orders and under negotiation arrangements.
The Visayas OTOP Fair was held from May 23 to May 27 at the La Carmela de Boracay Resort, Boracay Island.
Of Region 6’ more than P2 million sales, P1,674,590.00 was generated by the province of Aklan with Yabut’s Pottery of Lezo, Aklan (pottery being the OTOP – One Town, One Product of Lezo as the top seller.
Some 102 Small and Medium Enterprises (SMEs) from the three regions participated in the OTOP Fair, according to DTI-Aklan which focused on selling the products produced by the SMEs of the three regions.
OTOP is geared to promote entrepreneurship and create jobs in the countryside. It also encourages the Micro, Small and Medium Enterprises (MSMEs) to produce and market distinct products or services using indigenous raw materials and manpower of every municipality or city. /MP

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