DTI Convenes the Industry Development Council

 

DTI Convenes the Industry Development Council

 

Department of Trade and Industry (DTI) Secretary Gregory L. Domingo recently convened the Industry Development Council (IDC), the agency’s institutional mechanism to collaborate with stakeholders in implementing the Industry Roadmap Project and the Comprehensive National Industrial Strategy (CNIS).  The IDC is expected to recommend the approval of the CNIS, and to review and assess implementation of the country’s sectoral roadmaps, among others.

 

In his opening remarks, Secretary Domingo cited the Philippines’ advantages in labor cost, high labor productivity, low inflation rate, stable business environment and good governance compared with neighboring countries. “The IDC is a collaboration to further strengthen local industries and enhance their competitiveness to take advantage of the opportunities with the implementation of the ASEAN Economic Community (AEC) in 2015 and the other Free Trade Agreements,” he said on the need to reactivate the IDC.

 

The IDC will be the coordinating body for the DTI-initiated Industry Development Program (IDP). Launched in 2012, the IDP spearheaded public-private collaboration in the development of industry roadmaps. To date, 28 industry roadmaps have been submitted and 18 Technical working groups (TWGs) composed of public and private sector members are implementing these roadmaps.

 

“The common recommendation in all of these roadmaps is to establish a formal institutional mechanism for consultations, policymaking and coordinated execution of the industry roadmaps,” BOI Managing Head and Undersecretary Adrian S. Cristobal Jr. said.

 

The government is focusing efforts on revitalizing the industrial sector of the economy, particularly manufacturing, to generate more quality and decent jobs to absorb the growing work force. The sector could propel the economy not only to higher growth, but more importantly to inclusive growth (ADB 2013). Per Philippine Statistical Authority data, the manufacturing sector grew by 10.5%, nearly double the 2012 growth of 5.4%. The DTI envisions “a country with competitive industries providing stable job opportunities by 2016,” that serves to complement the goals of inclusive growth and poverty reduction of the Philippine Development Plan (PDP) 2011-2016.

 

“The reactivation of the IDC  will be directed towards the Manufacturing Resurgence Program (MRP) and the resolution of vertical issues of manufacturing and services industries. IDC will be the main coordinating body for effective execution of the MRP,” Cristobal added.

 

The IDC meeting was attended by senior officials from the Departments of Foreign Affairs (DFA), Environment and Natural Resources (DENR), Energy (DOE), and Labor and Employment (DOLE), National Economic Development Authority (NEDA), National Competitiveness Council (NCC), Philippine Chamber of Commerce and Industry (PCCI), Federation of Philippine Industries (FPI), and Filipino Federation of Chinese Chambers of Commerce and Industry Inc. (FFCCCII).

 

The body agreed that IDC will champion and advocate for globally competitive and strong domestic industries. Meanwhile, industry roadmap TWGs will be the working teams under the IDC.

 

The IDC was created on December 2, 1996 by virtue of E.O. 380 signed by then President Fidel V. Ramos to recommend approval of the Industrial Development Plan of the Philippine (IDPP), which shall be consistent with the then Medium-Term Philippine Development Plan (MTPDP) and the Philippine Export Development Plan (PEDP). It was amended on April 27, 1998 by E.O. 480 and further amended on April 12, 2000 by E.O. 225.  (END)