FPI Pushes for Reforms to Boost Manufacturing Sector

The country's umbrella organization of manufacturers and producers is pushing for the full implementation of the Tatak Pinoy Act and other reforms to strengthen local manufacturing and revitalize industries.

- By Louella Desiderio

In a statement, the Federation of Philippine Industries (FPI) called on policymakers to advance reforms that will beef up the domestic manufacturing sector, reinforce fair trade practices and drive the country's reindustrialization.

The statement was issued ahead of President Marcos' State of the Nation Address and opening of the 20th Congress today.

"The recommendations emphasize the full implementation of key laws such as the Tatak Pinoy Act and CREATE MORE, along with complementary measures to protect local producers, stimulate innovation and ensure a competitive investment environment," the FPI said.

FPI urged the government to implement the Tatak Pinoy Act effectively, by allocating proper funding and creating a multi-sectoral council to guide and monitor industrial development.

FPI also wants the government to accelerate the rollout of the CREATE MORE Act, by ensuring timely and fair access to incentives for both domestic and export-oriented manufacturers.