21 October 2011|
DTI ENLIGHTENS CONSCIOUSNESS OF NCR ENTREPRENEURS ON BENEFITS FROM FREE TRADE AGREEMENTS
The Department of Trade and Industry’s massive information campaign on Doing Business in Free Trade Areas (DBFTA) has sparked the interest of the entrepreneurs nationwide.
At present, the Philippines has entered into 7 free trade agreements that provide reduced or 0 tariffs to exporters thereby helping them to lessen the cost of doing business and eventually to become more competitive in the international market. These are: ASEAN FTA (AFTA), ASEAN-Korea FTA (AKFTA), ASEAN-China FTA (ACFTA), ASEAN-Australia-New Zealand FTA (AANZFTA), Philippines-Japan Economic Partnership Agreement (PJEPA), ASEAN-Japan Economic Partnership Agreement (AJCEPA), and ASEAN-India FTA (AIFTA).
DTI recently held the DBFTA awareness sessions in Metro Manila in cooperation with local government units and DTI-NCR. In Quezon City, the seminar was attended by the Office of the Mayor’s Sikap Buhay Entrepreneurship Cooperative head and members as part of the LGU’s initiatives on creating an entrepreneurial mindset for constituents in wiping out poverty. Also present in the DBFTA seminar were business students from the Quezon City Polytechnic University and Mary the Queen College who have become aware of the developments in the global business scenario.
A similar session was conducted in Malabon City hosted by Vice Mayor Len Oreta. He strongly advocates partnering with the DTI for implementing training programs that will provide City Hall key personnel a deeper understanding and appreciation on trade trends so they can improve their services to Malabon’s MSMEs.
In Pasig City, the DBFTA info session was jointly conducted by DTI, Pasig City Chamber of Commerce, and the Pamantasan ng Lungsod ng Pasig. Mr. Joseph Aaron Miravalles of the Pasig City Chamber of Commerce shared their group’s intiatives in changing the vision of the students to become self-employed after graduation. He described the students as “upcoming entrepreneurs” who will use FTAs when they venture into exporting.
DTI also conducted the free seminar in Valenzuela City which was presided by PCCI NCR Vice President Antonio Keh and attended by Valenzuela Chamber of Commerce officers and CAMANAVA LGU representatives. In the discussions, the participants realized that DTI exerts efforts in protecting the local businesses through massive awareness briefings on maximizing benefits from FTA and implementing appropriate safeguard measures.