How Can We Help
If you need any helps, please feel free to contact us.
Call Us
8722-3409 / 8722-9737
Or mail
fpi@fpi.ph
Industry Policy
The Federation of Philippine Industries (FPI) advocates for a comprehensive “Industry Policy” with several key objectives aimed at fostering a robust, competitive, and sustainable industrial sector in the Philippines. These objectives can be broadly categorized as follows:
1. Enhancing Competitiveness and Productivity:
- Level Playing Field: The FPI aims to create a fair and competitive business environment by addressing issues such as unfair trade practices, smuggling, and the influx of substandard goods. They advocate for stricter enforcement of regulations and the classification of smuggling as economic sabotage to protect local industries.
- Reducing Costs of Doing Business: A key objective is to lower operational costs for industries through policies related to energy, logistics, infrastructure, and bureaucratic efficiency. This includes advocating for stable and affordable power supply, improved transportation networks, and streamlined government processes.
- Promoting Innovation and Technology Adoption: The FPI seeks policies that encourage research and development, technology transfer, and the adoption of modern manufacturing processes to enhance productivity and global competitiveness. This may involve advocating for incentives, skills development programs, and linkages with academic and research institutions.
- Improving Quality Standards: The FPI champions the adoption and enforcement of stringent quality standards to ensure the competitiveness of Philippine-made products in both domestic and international markets. This includes promoting adherence to Philippine National Standards (PNS) and facilitating certification processes.
2. Fostering Industrial Growth and Diversification:
- Strategic Sector Development: The FPI likely advocates for policies that identify and support the growth of strategic industrial sectors with high potential for job creation, value-added exports, and contribution to the overall economy. This may involve targeted incentives and support for specific industries.
- Strengthening Local Supply Chains: A key objective is to build stronger linkages between large enterprises and small and medium-sized enterprises (SMEs) to develop robust domestic supply chains, reduce reliance on imports, and create more local economic opportunities.
- Attracting Investments: The FPI aims to create a conducive environment for both domestic and foreign direct investments in the industrial sector through clear and stable policies, attractive incentives, and the ease of doing business.
3. Ensuring Sustainability and Inclusivity:
- Promoting Green Industries: Increasingly, industry policies focus on sustainability.4 The FPI may advocate for policies that support the development of green technologies, resource efficiency, and environmentally responsible industrial practices.
- Job Creation and Skills Development: A core objective is to generate more and higher-quality jobs within the industrial sector. This involves advocating for skills development programs that align with industry needs and prepare the workforce for future demands.
- Regional Industrialization: The FPI may support policies that promote industrial development across different regions of the Philippines, fostering inclusive growth and reducing regional disparities.
4. Effective Policy Implementation and Governance:
- Policy Coherence and Stability: The FPI emphasizes the need for consistent and predictable government policies that provide a stable environment for long-term industrial planning and investment.
- Public-Private Sector Dialogue: A crucial objective is to foster strong collaboration and communication between the government and the private sector in the formulation and implementation of industrial policies. The FPI serves as a key platform for this dialogue.
- Monitoring and Evaluation: The FPI likely advocates for mechanisms to monitor the effectiveness of industrial policies and make necessary adjustments to achieve desired outcomes.
In essence, the FPI’s advocacy for “Industry Policy” is driven by the overarching goal of transforming the Philippines into a dynamic, globally competitive, and sustainable industrial hub that contributes significantly to economic growth, job creation, and the overall well-being of the Filipino people. FPI’s objectives are multifaceted, addressing various aspects of the industrial ecosystem from competitiveness and growth to sustainability and governance.
