The Department of Trade and Industry-Regional Operations Group (DTI-ROG) together with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) has signed a memorandum of understanding (MOU) with the Korea International Cooperation Agency (Koica) to promote the Green Economic Development (GED) in the country.
The Philippines through the DTI has been in continuous partnership with GIZ to boost the GED, which will help local MSMEs to enhance its environmentally friendly and climate smart practices.
The MOU signing with Koica will identify and prepare Philippine participants for the GIZ-Promotion of GED (PROGED); plan the program with regard to consent, visit and process; conduct and facilitate the program in South Korea; and organize a joint reflection and follow-up activities with Philippine participants.
The three signees will lend their competencies, expertise and resources in capacity development of public and private sector stakeholders in GED, the DTI explained.
“This is a very welcome initiative with our partners (GIZ and KOICA). It’s really important that we sustain the efforts GIZ has started with the DTI, and continue to do more of the learning sessions, do more of the knowledge exchange to be better in terms of economic development,” Zenaida Maglaya, supervising DTI Undersecretary for Regional Operations Group (ROG) said.
DTI-ROG and GIZ’s PROGED is a three-year project that aims to enhance the competitiveness of MSMEs by helping them to adopt climate-smart and environmentally friendly strategies using the value chain approach.
“Three years or four years ago, DTI and other partner agencies were looking at how we can really move towards green economic development and mainstream more of our programs and even the planning process, to find out how we can include the elements of greening strategy as well as greening methodology,” Maglaya said.
For his part, Koica Country Director Shin Myung Seop said, “Moving toward a green economy has the potential to achieve sustainable development and eradicate poverty and understanding its key.”